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
Consistent and significant revenue growth, from $54,541 in 2016 to $936,559 in 2023.
Strong asset growth, from $99,194 in 2016 to $1,182,448 in 2023, indicating financial stability.
Zero reported officer compensation across all filings, demonstrating high transparency and efficient use of funds.
High estimated program spending ratio (90%), indicating a strong focus on mission delivery.
Low liabilities relative to assets, suggesting prudent financial management (e.g., $642 liabilities vs. $1,182,448 assets in 2023).
Spending Breakdown
How Vision Aid Incorporated 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 Vision Aid Incorporated
Is Vision Aid Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Vision Aid Incorporated (EIN: 201344017) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Vision Aid Incorporated a good charity to donate to?
Vision Aid Incorporated has a Mission Score of 92/100. Revenue: $1.3M. Assets: $1.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Vision Aid Incorporated?
The Employer Identification Number (EIN) for Vision Aid Incorporated is 201344017. 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 Vision Aid Incorporated spend its money?
Vision Aid Incorporated allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Vision Aid Incorporated's tax-exempt status?
You can verify Vision Aid Incorporated's tax-exempt status using EIN 201344017 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
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.