Chip Of Virginia
EIN: 541683042 · Richmond, VA
| Metric | Value |
|---|---|
| Total Expenses | $2.8M |
| Net Assets | $281K |
Is Chip Of Virginia Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Chip Of Virginia
Chip Of Virginia (EIN: 541683042) is a nonprofit organization based in Richmond, VA. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chip Of Virginia's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chip Of Virginia is a mid-size nonprofit, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $2.8M |
| Surplus / Deficit | +$11K |
| Total Assets | $488K |
| Total Liabilities | $206K |
| Net Assets | $281K |
| Operating Margin | 0.4% |
| Debt-to-Asset Ratio | 42.3% |
| Months of Reserves | 2.1 months |
Financial Health Grade: A
In 2016, Chip Of Virginia reported a surplus of $11K with revenue exceeding expenses, holds 2.1 months of operating reserves (limited), has a debt-to-asset ratio of 42.3% (moderate leverage).
Financial Trends
Over 6 years of filings (2011–2016), Chip Of Virginia's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -0.8% | +0.9% | -25.9% |
| 2015 | +18.4% | +19.6% | +38.9% |
| 2014 | +3.8% | +1.3% | +15.5% |
| 2013 | +1.3% | +1.3% | +22.2% |
| 2012 | -16.1% | -16.3% | -19.2% |
AI Analysis Pending
AI enrichment for Chip Of Virginia has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Chip Of Virginia with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $11K, with revenue exceeding expenses.
- Debt-to-asset ratio: 42.3%.
Frequently Asked Questions about Chip Of Virginia
Is Chip Of Virginia a legitimate charity?
Chip Of Virginia (EIN: 541683042) is a registered tax-exempt nonprofit based in Virginia. It has 6 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does Chip Of Virginia spend its money?
Chip Of Virginia reported its financials in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Chip Of Virginia tax-deductible?
Chip Of Virginia is registered as a tax-exempt nonprofit (EIN: 541683042). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Chip Of Virginia located?
Chip Of Virginia is headquartered in Richmond, Virginia and files with the IRS under EIN 541683042.
How many years of IRS 990 filings does Chip Of Virginia have?
Chip Of Virginia has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Chip Of Virginia showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Chip Of Virginia's revenue has grown by 3.6%, moving from $2.7M to $2.8M. Total assets increased by 17.4% over the same period, from $415K to $488K. Total functional expenses rose by 3.6%, from $2.7M to $2.8M. In its most recent filing year (2016), Chip Of Virginia reported a surplus of $11K, with revenue exceeding expenses. The organization holds $206K in liabilities against $488K in assets (debt-to-asset ratio: 42.3%), resulting in net assets of $281K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $2.8M | $2.8M | $488K | $206K | — | — |
| 2015 | $2.8M | $2.8M | $658K | $388K | — | View 990 |
| 2014 | $2.4M | $2.3M | $474K | $262K | — | View 990 |
| 2013 | $2.3M | $2.3M | $410K | $272K | — | View 990 |
| 2012 | $2.3M | $2.3M | $335K | $213K | — | View 990 |
| 2011 | $2.7M | $2.7M | $415K | $308K | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $2.8M, expenses of $2.8M, and assets of $488K (revenue -0.8% year-over-year).
- 2015: Revenue of $2.8M, expenses of $2.8M, and assets of $658K (revenue +18.4% year-over-year).
- 2014: Revenue of $2.4M, expenses of $2.3M, and assets of $474K (revenue +3.8% year-over-year).
- 2013: Revenue of $2.3M, expenses of $2.3M, and assets of $410K (revenue +1.3% year-over-year).
- 2012: Revenue of $2.3M, expenses of $2.3M, and assets of $335K (revenue -16.1% year-over-year).
- 2011: Revenue of $2.7M, expenses of $2.7M, and assets of $415K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chip Of Virginia:
Data Sources and Methodology
This transparency report for Chip 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.