Is Virginia Local Government Finance…

Quick charity verification for Virginia Local Government Finance Corporation (EIN: 201351659)

Spending Breakdown

How Virginia Local Government Finance Corporation allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Local Government Finance Corporation

Is Virginia Local Government Finance Corporation a legitimate charity?

Based on AI analysis of IRS 990 filings, Virginia Local Government Finance Corporation (EIN: 201351659) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Virginia Local Government Finance Corporation a good charity to donate to?

Virginia Local Government Finance Corporation has a Mission Score of 85/100. Revenue: $2.6M. Assets: $1.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Virginia Local Government Finance Corporation?

The Employer Identification Number (EIN) for Virginia Local Government Finance Corporation is 201351659. 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 Local Government Finance Corporation spend its money?

Virginia Local Government Finance Corporation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Virginia Local Government Finance Corporation's tax-exempt status?

You can verify Virginia Local Government Finance Corporation's tax-exempt status using EIN 201351659 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 Local Government Finance Corporation (VLGFC) demonstrates consistent financial activity, with revenues and expenses generally in close alignment over the past decade. For instance, in 2023, expenses of $2,438,740 slightly exceeded revenues of $2,367,073, indicating a minor operating deficit for that period. However, this trend is not consistent, as seen in 2021 where revenues of $2,754,036 surpassed expenses of $2,664,353. The organization's assets have shown growth over time, increasing from $349,792 in 2014 to $1,353,084 in 2023, suggesting a stable financial foundation. Liabilities have also increased, but generally remain at a manageable level relative to assets.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of 0% officer compensation across all filings indicates a strong commitment to minimizing overhead in this specific area. This suggests that the organization is likely run by volunteers or compensated through other means not classified as officer compensation, which can be a positive indicator of efficiency.

Transparency appears to be high regarding executive compensation, with zero reported officer compensation. The consistent filing of IRS Form 990s over 13 periods also demonstrates a commitment to public disclosure. However, without a more granular breakdown of expenses, it's challenging to fully evaluate the proportion of funds directly allocated to its core mission versus administrative or fundraising activities. The NTEE code S01 (Governmental Units & Agencies) suggests its primary function is likely related to public finance, which inherently has different operational characteristics than direct service charities.

Is Virginia Local Government Finance Corporation Legit?

Verdict: Virginia Local Government Finance Corporation appears trustworthy

Red Flags

Strengths