Quick charity verification for Virginia Goodwill Network (EIN: 141993959)
Verdict: Virginia Goodwill Network appears trustworthy
85/100Mission Score
$107KRevenue
$64KAssets
2Red Flags
4Strengths
Red Flags
Revenue volatility year-over-year (e.g., $222,264 in 2018 down to $106,684 in 2019)
Slight operational deficit in the latest filing (expenses $107,851 exceeding revenue $106,684 in 2019)
Strengths
Consistent growth in assets over the past decade, reaching $64,133 in 2019
Very low liabilities ($5,421 in 2019), indicating minimal debt burden
No reported officer compensation across all filings, suggesting high efficiency in this area
Long history of IRS 990 filings (10 filings), demonstrating transparency
Spending Breakdown
How Virginia Goodwill Network allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Virginia Goodwill Network
Is Virginia Goodwill Network a legitimate charity?
Based on AI analysis of IRS 990 filings, Virginia Goodwill Network (EIN: 141993959) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Virginia Goodwill Network a good charity to donate to?
Virginia Goodwill Network has a Mission Score of 85/100. Revenue: $107K. Assets: $64K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Virginia Goodwill Network?
The Employer Identification Number (EIN) for Virginia Goodwill Network is 141993959. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Virginia Goodwill Network spend its money?
Virginia Goodwill Network allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Virginia Goodwill Network's tax-exempt status?
You can verify Virginia Goodwill Network's tax-exempt status using EIN 141993959 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Virginia Goodwill Network demonstrates a consistent operational history with revenues fluctuating but generally maintaining a stable base. In the latest filing (201912), the organization reported revenues of $106,684 against expenses of $107,851, indicating a slight operational deficit for that period. However, its asset base has grown steadily over the years, reaching $64,133 in 2019, suggesting prudent financial management in building reserves. The organization's liabilities remain low, at $5,421 in 2019, which is a positive indicator of financial stability and low debt burden.
The organization's spending efficiency appears reasonable given its scale. While specific program spending percentages are not detailed in the provided data, the overall expense levels relative to revenue suggest that the majority of funds are likely directed towards its mission. The consistent reporting of 0% officer compensation across all filings is a strong indicator of volunteer leadership or very low administrative overhead in this specific area, contributing positively to its efficiency and transparency profile.
Transparency is generally good, with 10 years of consistent IRS 990 filings available. The absence of reported officer compensation is a notable point, suggesting that executive leadership may be unpaid or compensated through other means not captured in this specific line item, or that the organization operates with a volunteer executive structure. This practice, if true, enhances its perceived efficiency and dedication to its mission.