Childrens Home Society Of Virginia Memorial Fund Inc
Childrens Home Society Of Virginia Memorial Fund Inc maintains strong assets with no reported officer compensation, though recent expenses exceeded revenue.
EIN: 200626291 · Richmond, VA · NTEE: P11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $496K |
| Total Expenses | $221K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3.7 |
| Net Assets | $3.4M |
| Transparency Score | 90/100 |
Is Childrens Home Society Of Virginia Memorial Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Childrens Home Society Of Virginia Memorial Fund Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Childrens Home Society Of Virginia Memorial Fund Inc
Childrens Home Society Of Virginia Memorial Fund Inc (EIN: 200626291) is a nonprofit organization based in Richmond, VA, classified under NTEE code P11. The organization reported total revenue of $496K and total assets of $4.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Childrens Home Society Of Virginia Memorial Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Childrens Home Society Of Virginia Memorial Fund Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $172K |
| Total Expenses | $221K |
| Surplus / Deficit | $-49,023 |
| Total Assets | $3.8M |
| Total Liabilities | $332K |
| Net Assets | $3.4M |
| Operating Margin | -28.5% |
| Debt-to-Asset Ratio | 8.8% |
| Months of Reserves | 204.4 months |
Financial Health Grade: B
In 2023, Childrens Home Society Of Virginia Memorial Fund Inc reported a deficit of $49K with expenses exceeding revenue, holds 204.4 months of operating reserves (strong position), has a debt-to-asset ratio of 8.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Childrens Home Society Of Virginia Memorial Fund Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -40.6% | +563.4% | +6.2% |
| 2022 | +68.0% | +13.1% | -9.9% |
| 2021 | +31.1% | -83.3% | +30.0% |
| 2020 | -16.6% | -1.4% | -0.9% |
| 2019 | +5.2% | +0.8% | -1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Childrens Home Society Of Virginia Memorial Fund Inc with a Mission Score of 90 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, Childrens Home Society Of Virginia Memorial Fund Inc 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 deficit of $49K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization operates without paid officers or that compensation is covered by an affiliated entity, which is highly efficient for an organization of its size with assets over $3.7 million.
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 Childrens Home Society Of Virginia Memorial Fund Inc's IRS 990 filings:
- Expenses exceeded revenue in the most recent 2023 filing ($221,264 vs. $172,241), which could indicate a draw on reserves or an unusual expenditure.
Strengths
The following positive indicators were identified for Childrens Home Society Of Virginia Memorial Fund Inc:
- Consistent 0% officer compensation across all filings, indicating high efficiency and transparency.
- Healthy and growing asset base, increasing from $2.7 million in 2014 to $3.7 million in 2023, demonstrating strong financial stewardship.
- Low expense ratios in multiple years (e.g., 2022 expenses were only 11.5% of revenue), suggesting effective management of funds.
- Stable liabilities over several years, indicating predictable financial obligations.
Frequently Asked Questions about Childrens Home Society Of Virginia Memorial Fund Inc
Is Childrens Home Society Of Virginia Memorial Fund Inc a legitimate charity?
Childrens Home Society Of Virginia Memorial Fund Inc (EIN: 200626291) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $496K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Childrens Home Society Of Virginia Memorial Fund Inc spend its money?
Childrens Home Society Of Virginia Memorial Fund Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Childrens Home Society Of Virginia Memorial Fund Inc tax-deductible?
Childrens Home Society Of Virginia Memorial Fund Inc is registered as a tax-exempt nonprofit (EIN: 200626291). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Childrens Home Society Of Virginia Memorial Fund Inc CEO make?
Childrens Home Society Of Virginia Memorial Fund Inc's highest-compensated officer earns $3.7 annually. The organization reported $496K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Childrens Home Society Of Virginia Memorial Fund Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Childrens Home Society Of Virginia Memorial Fund Inc is above average for NTEE category P11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Childrens Home Society Of Virginia Memorial Fund Inc located?
Childrens Home Society Of Virginia Memorial Fund Inc is headquartered in Richmond, Virginia and files with the IRS under EIN 200626291. It is classified under NTEE code P11.
How many years of IRS 990 filings does Childrens Home Society Of Virginia Memorial Fund Inc have?
Childrens Home Society Of Virginia Memorial Fund Inc 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 $496K in total revenue.
What is the primary purpose of the Childrens Home Society Of Virginia Memorial Fund Inc?
Based on its NTEE code P11 (Endowment Funds) and consistent financial patterns, the organization primarily functions as a memorial fund, likely supporting the Children's Home Society of Virginia through grants or distributions from its endowment.
Why did expenses exceed revenue in the 2023 fiscal period?
In 2023, expenses were $221,264 while revenue was $172,241. This could be due to a significant program distribution, an investment loss, or an unusual operational expense. Further detail from the full 990 filing would be needed to understand this specific year's financial activity.
How does the organization maintain operations with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization is either entirely volunteer-run at the executive level, or its administrative and executive functions are managed and compensated by an affiliated entity, allowing the memorial fund itself to operate with minimal overhead.
Filing History
IRS 990 filing history for Childrens Home Society Of Virginia Memorial Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Childrens Home Society Of Virginia Memorial Fund Inc's revenue has declined by 36.2%, moving from $270K to $172K. Total assets increased by 12.9% over the same period, from $3.3M to $3.8M. Total functional expenses fell by 81.9%, from $1.2M to $221K. In its most recent filing year (2023), Childrens Home Society Of Virginia Memorial Fund Inc reported a deficit of $49K, with expenses exceeding revenue. The organization holds $332K in liabilities against $3.8M in assets (debt-to-asset ratio: 8.8%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $172K | $221K | $3.8M | $332K | — | View 990 |
| 2022 | $290K | $33K | $3.5M | $332K | — | View 990 |
| 2021 | $173K | $29K | $3.9M | $332K | — | View 990 |
| 2020 | $132K | $177K | $3.0M | $332K | — | View 990 |
| 2019 | $158K | $180K | $3.1M | $332K | — | View 990 |
| 2018 | $150K | $178K | $3.1M | $432K | — | View 990 |
| 2017 | $142K | $26K | $3.0M | $432K | — | View 990 |
| 2016 | $112K | $25K | $2.8M | $432K | — | View 990 |
| 2015 | $125K | $17K | $2.8M | $432K | — | View 990 |
| 2014 | $192K | $220K | $2.7M | $432K | — | View 990 |
| 2013 | $484K | $241K | $2.4M | $228K | — | View 990 |
| 2012 | $103K | $268K | $2.1M | $203K | — | View 990 |
| 2011 | $270K | $1.2M | $3.3M | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $172K, expenses of $221K, and assets of $3.8M (revenue -40.6% year-over-year).
- 2022: Revenue of $290K, expenses of $33K, and assets of $3.5M (revenue +68.0% year-over-year).
- 2021: Revenue of $173K, expenses of $29K, and assets of $3.9M (revenue +31.1% year-over-year).
- 2020: Revenue of $132K, expenses of $177K, and assets of $3.0M (revenue -16.6% year-over-year).
- 2019: Revenue of $158K, expenses of $180K, and assets of $3.1M (revenue +5.2% year-over-year).
- 2018: Revenue of $150K, expenses of $178K, and assets of $3.1M (revenue +6.0% year-over-year).
- 2017: Revenue of $142K, expenses of $26K, and assets of $3.0M (revenue +26.8% year-over-year).
- 2016: Revenue of $112K, expenses of $25K, and assets of $2.8M (revenue -10.4% year-over-year).
- 2015: Revenue of $125K, expenses of $17K, and assets of $2.8M (revenue -35.2% year-over-year).
- 2014: Revenue of $192K, expenses of $220K, and assets of $2.7M (revenue -60.3% year-over-year).
- 2013: Revenue of $484K, expenses of $241K, and assets of $2.4M (revenue +371.1% year-over-year).
- 2012: Revenue of $103K, expenses of $268K, and assets of $2.1M (revenue -61.9% year-over-year).
- 2011: Revenue of $270K, expenses of $1.2M, and assets of $3.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Childrens Home Society Of Virginia Memorial Fund Inc:
Data Sources and Methodology
This transparency report for Childrens Home Society Of Virginia Memorial Fund Inc 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.