Is Williamsburg Regional Hospital Foundation Legit?
Quick charity verification for Williamsburg Regional Hospital Foundation (EIN: 200161602)
Verdict: Williamsburg Regional Hospital Foundation appears trustworthy
85/100Mission Score
$72KRevenue
$248KAssets
1Red Flags
4Strengths
Red Flags
Significant expense exceeding revenue in 201409 ($84,904 expenses vs. $10,191 revenue)
Strengths
Consistent zero liabilities across all reported periods
No reported officer compensation, indicating efficient use of funds for mission
Steady growth in assets from $22,664 in 201409 to $247,544 in 202209
Generally low expense ratios relative to revenue in most years, indicating strong financial management
AI Transparency Report
The Williamsburg Regional Hospital Foundation demonstrates consistent financial stability with growing assets and no reported liabilities across all available filings. In the 202209 period, the organization reported $59,035 in revenue against $47,823 in expenses, contributing to its $247,544 in assets. The foundation's spending efficiency appears strong, particularly in earlier years like 201609 where expenses were only $2,238 against $86,568 in revenue, indicating a high proportion of funds retained or directed towards program services. While specific program spending ratios are not explicitly detailed in the provided data, the low overall expense figures in several periods suggest a lean operational model. The consistent reporting of 0% officer compensation further enhances its transparency and indicates that leadership is likely volunteer-based or compensated through other means not reported as officer compensation, which is a positive sign for donor confidence.