Is Vision Aid Incorporated Legit?

Quick charity verification for Vision Aid Incorporated (EIN: 201344017)

Verdict: Vision Aid Incorporated appears trustworthy

92/100Mission Score
$1.3MRevenue
$1.7MAssets
0Red Flags
5Strengths

No red flags identified.

Strengths

AI Transparency Report

Vision Aid Incorporated demonstrates a strong and consistent growth trajectory in its financial health, with revenue increasing from $54,541 in 2016 to $936,559 in 2023, and assets growing significantly from $99,194 to $1,182,448 over the same period. The organization consistently spends a high proportion of its expenses on program services, indicating efficient use of donor funds towards its mission. For instance, in 2023, with expenses at $472,820 and no reported officer compensation, it suggests a lean operational structure focused on direct impact. The organization's financial management appears prudent, as evidenced by its increasing asset base and relatively low liabilities, particularly in recent years (e.g., $642 in liabilities in 2023 compared to assets of $1,182,448). The absence of reported officer compensation across all available filings is a significant indicator of transparency and a commitment to minimizing administrative overhead, which is highly commendable for a nonprofit of its size. This suggests that resources are primarily directed towards programmatic activities rather than executive salaries. Overall, Vision Aid Incorporated exhibits strong financial health, efficient spending, and a high degree of transparency, particularly concerning executive compensation. Its consistent growth in revenue and assets, coupled with a focus on program spending, positions it as a financially sound and mission-driven organization.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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