Quick charity verification for Virginia Rides (EIN: 208542445)
Verdict: Virginia Rides appears trustworthy
92/100Mission Score
$1.3MRevenue
$792KAssets
1Red Flags
5Strengths
Red Flags
Significant year-over-year revenue decrease from $2.28M in 2023 to $1.27M in 2024, warranting further investigation into sustainability of funding.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating high efficiency and mission focus.
Consistent financial surpluses, with expenses ($1,113,312 in 2024) generally lower than revenue ($1,277,907 in 2024).
Strong asset growth, increasing from $112,852 in 2021 to $791,673 in 2024.
Healthy asset-to-liability ratio (approximately 5.3:1 in 2024), indicating strong financial solvency.
Long history of IRS 990 filings (14 filings), demonstrating commitment to transparency.
Spending Breakdown
How Virginia Rides allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Rides
Is Virginia Rides a legitimate charity?
Based on AI analysis of IRS 990 filings, Virginia Rides (EIN: 208542445) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Virginia Rides a good charity to donate to?
Virginia Rides has a Mission Score of 92/100. Revenue: $1.3M. Assets: $792K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Virginia Rides?
The Employer Identification Number (EIN) for Virginia Rides is 208542445. 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 Rides spend its money?
Virginia Rides allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Virginia Rides's tax-exempt status?
You can verify Virginia Rides's tax-exempt status using EIN 208542445 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
Virginia Rides demonstrates a generally healthy financial position with consistent revenue generation over the past several years. In the latest filing (202412), the organization reported revenue of $1,277,907 against expenses of $1,113,312, indicating a surplus for the period. This trend of managing expenses below revenue is largely positive, contributing to an increase in assets from $112,852 in 2021 to $791,673 in 2024. The organization's liabilities have also been managed, with a healthy asset-to-liability ratio of approximately 5.3:1 in the latest period ($791,673 assets vs. $148,035 liabilities).
Spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings, which suggests a high proportion of funds are directed towards programmatic activities rather than executive salaries. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall expense management relative to revenue is a positive indicator. The consistent filing of IRS Form 990s over 14 periods also points to a commitment to transparency.
However, there have been fluctuations in revenue, with a notable decrease from $2,282,355 in 2023 to $1,277,907 in 2024. While the organization still operated at a surplus, this significant drop warrants further investigation into its causes and potential impact on future operations. Despite this, the overall financial trajectory, marked by asset growth and responsible expense management, suggests a well-managed and financially stable nonprofit.