Capital Centers Of Virginia
Capital Centers Of Virginia shows strong financial growth and zero liabilities with no reported officer compensation.
EIN: 20805467 · Norfolk, VA · NTEE: P60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.1M |
| Program Spending | 90% |
| Net Assets | $2.1M |
| Transparency Score | 92/100 |
Is Capital Centers Of Virginia Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Capital Centers Of Virginia directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Capital Centers Of Virginia
Capital Centers Of Virginia (EIN: 20805467) is a nonprofit organization based in Norfolk, VA, classified under NTEE code P60. The organization reported total revenue of $1.7M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Capital Centers Of Virginia's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Capital Centers Of Virginia is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 17.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$519K |
| Total Assets | $2.1M |
| Net Assets | $2.1M |
| Operating Margin | 31.2% |
| Months of Reserves | 22.2 months |
Financial Health Grade: A
In 2023, Capital Centers Of Virginia reported a surplus of $519K with revenue exceeding expenses, holds 22.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2010–2023), Capital Centers Of Virginia's revenue has grown at a compound annual growth rate (CAGR) of 17.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.4% | +3.0% | +41.7% |
| 2022 | -6.2% | +43.5% | +25.0% |
| 2021 | +138.7% | +69.0% | +198.0% |
| 2020 | -16.2% | +7.8% | -2.1% |
| 2019 | +329.3% | +137.1% | +591.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Capital Centers Of Virginia with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Capital Centers Of Virginia allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $519K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a fully volunteer-led executive team or that executive compensation is categorized differently within their financial reporting, which enhances perceived efficiency but could raise questions about full transparency if compensation exists but is not clearly disclosed.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Capital Centers Of Virginia's IRS 990 filings:
- Lack of detailed breakdown for program vs. administrative vs. fundraising expenses in provided data, making precise efficiency calculations difficult without full 990 forms.
- Consistent 0% officer compensation could indicate a lack of transparency if executive compensation is simply reported under other categories.
Strengths
The following positive indicators were identified for Capital Centers Of Virginia:
- Strong financial health with consistent revenue growth, from $650,075 in 2020 to $1,664,451 in 2023.
- Excellent balance sheet with $2,116,365 in assets and $0 in liabilities in 2023.
- Efficient spending, with expenses consistently lower than revenue, leading to asset accumulation.
- No reported officer compensation, suggesting high volunteer involvement or very lean executive costs.
Frequently Asked Questions about Capital Centers Of Virginia
Is Capital Centers Of Virginia a legitimate charity?
Based on AI analysis of IRS 990 filings, Capital Centers Of Virginia (EIN: 20805467) some concerns. Mission Score: 92/100. 2 red flags identified, 4 strengths noted.
How does Capital Centers Of Virginia spend its money?
Capital Centers Of Virginia directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Capital Centers Of Virginia tax-deductible?
Capital Centers Of Virginia is registered as a tax-exempt nonprofit (EIN: 20805467). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Capital Centers Of Virginia compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Capital Centers Of Virginia is above average for NTEE category P60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Capital Centers Of Virginia located?
Capital Centers Of Virginia is headquartered in Norfolk, Virginia and files with the IRS under EIN 20805467. It is classified under NTEE code P60.
How many years of IRS 990 filings does Capital Centers Of Virginia have?
Capital Centers Of Virginia has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.7M in total revenue.
How does Capital Centers Of Virginia manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests either a fully volunteer-led executive team or that executive compensation is categorized under other expense lines, which would require further detailed inquiry to understand fully.
What are the primary programs funded by Capital Centers Of Virginia?
Based on the NTEE code P60 (Youth Development, Services), the organization likely focuses on programs related to youth development and services, though specific program details are not available in the provided financial data.
How has Capital Centers Of Virginia managed to accumulate over $2 million in assets with zero liabilities by 2023?
The organization has consistently generated more revenue than expenses, particularly in recent years (e.g., $1,664,451 revenue vs. $1,145,647 expenses in 2023), allowing for significant accumulation of net assets and maintaining a debt-free status.
Filing History
IRS 990 filing history for Capital Centers Of Virginia showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2023), Capital Centers Of Virginia's revenue has grown by 743.2%, moving from $197K to $1.7M. Total assets increased by 3900.3% over the same period, from $53K to $2.1M. Total functional expenses rose by 485.3%, from $196K to $1.1M. In its most recent filing year (2023), Capital Centers Of Virginia reported a surplus of $519K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.1M | $2.1M | $0 | — | — |
| 2022 | $1.5M | $1.1M | $1.5M | $0 | — | View 990 |
| 2021 | $1.6M | $775K | $1.2M | $45K | — | View 990 |
| 2020 | $650K | $459K | $401K | $31K | — | — |
| 2019 | $776K | $425K | $410K | $0 | — | View 990 |
| 2018 | $181K | $179K | $59K | $0 | — | View 990 |
| 2017 | $276K | $252K | $58K | $0 | — | — |
| 2016 | $208K | $183K | $35K | $0 | — | View 990 |
| 2014 | $146K | $144K | $20K | $0 | — | View 990 |
| 2013 | $220K | $219K | $18K | $0 | — | View 990 |
| 2012 | $238K | $236K | $27K | $1K | — | View 990 |
| 2011 | $140K | $154K | $31K | $8K | — | View 990 |
| 2010 | $197K | $196K | $53K | $16K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.1M, and assets of $2.1M (revenue +14.4% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.1M, and assets of $1.5M (revenue -6.2% year-over-year).
- 2021: Revenue of $1.6M, expenses of $775K, and assets of $1.2M (revenue +138.7% year-over-year).
- 2020: Revenue of $650K, expenses of $459K, and assets of $401K (revenue -16.2% year-over-year).
- 2019: Revenue of $776K, expenses of $425K, and assets of $410K (revenue +329.3% year-over-year).
- 2018: Revenue of $181K, expenses of $179K, and assets of $59K (revenue -34.5% year-over-year).
- 2017: Revenue of $276K, expenses of $252K, and assets of $58K (revenue +32.9% year-over-year).
- 2016: Revenue of $208K, expenses of $183K, and assets of $35K (revenue +42.7% year-over-year).
- 2014: Revenue of $146K, expenses of $144K, and assets of $20K (revenue -33.7% year-over-year).
- 2013: Revenue of $220K, expenses of $219K, and assets of $18K (revenue -7.7% year-over-year).
- 2012: Revenue of $238K, expenses of $236K, and assets of $27K (revenue +69.6% year-over-year).
- 2011: Revenue of $140K, expenses of $154K, and assets of $31K (revenue -28.9% year-over-year).
- 2010: Revenue of $197K, expenses of $196K, and assets of $53K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Capital Centers Of Virginia:
Data Sources and Methodology
This transparency report for Capital Centers Of Virginia is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.