Quick charity verification for Vmdaec Education Scholarship Foundation (EIN: 134260059)
Verdict: Vmdaec Education Scholarship Foundation appears trustworthy
92/100Mission Score
$178KRevenue
$418KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Strong program spending ratio, with a significant portion of expenses dedicated to scholarships.
Consistent growth in revenue and assets, indicating increasing capacity and financial stability.
No reported officer compensation, maximizing funds available for charitable programs.
Zero reported liabilities in recent filings, demonstrating sound financial management.
Consistent IRS 990 filing history, indicating good transparency and accountability.
Spending Breakdown
How Vmdaec Education Scholarship Foundation 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 Vmdaec Education Scholarship Foundation
Is Vmdaec Education Scholarship Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Vmdaec Education Scholarship Foundation (EIN: 134260059) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Vmdaec Education Scholarship Foundation a good charity to donate to?
Vmdaec Education Scholarship Foundation has a Mission Score of 92/100. Revenue: $178K. Assets: $418K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Vmdaec Education Scholarship Foundation?
The Employer Identification Number (EIN) for Vmdaec Education Scholarship Foundation is 134260059. 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 Vmdaec Education Scholarship Foundation spend its money?
Vmdaec Education Scholarship Foundation allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Vmdaec Education Scholarship Foundation's tax-exempt status?
You can verify Vmdaec Education Scholarship Foundation's tax-exempt status using EIN 134260059 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
Vmdaec Education Scholarship Foundation demonstrates a consistent commitment to its mission of providing scholarships, as evidenced by its program spending. The organization has shown healthy growth in revenue and assets over the past few years, with revenue increasing from $63,220 in 2020 to $147,746 in 2023, and assets growing from $213,428 to $330,969 in the same period. This growth indicates increasing capacity to fulfill its educational objectives. The foundation's financial health appears stable, with no reported liabilities in recent filings, suggesting responsible financial management.
The organization's spending efficiency is commendable, particularly given its focus on direct program support. With no reported officer compensation, a significant portion of its expenses is likely directed towards scholarships and related program activities. This lean operational model contributes to a high program spending ratio. The absence of liabilities further reinforces its sound financial standing, allowing resources to be primarily allocated to its charitable purpose.
In terms of transparency, the foundation's consistent filing of IRS Form 990s over 13 periods, with detailed financial information, indicates a commitment to public accountability. The clear reporting of revenue, expenses, and assets, along with the explicit statement of 0% officer compensation, provides a transparent view of its financial operations. This level of disclosure is crucial for donors and stakeholders to assess the organization's effectiveness and trustworthiness.