Equality Virginia
EIN: 541950205 · Richmond, VA · NTEE: R26
Is Equality Virginia Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Equality Virginia
Equality Virginia (EIN: 541950205) is a nonprofit organization based in Richmond, VA, classified under NTEE code R26. The organization reported total revenue of $762K and total assets of $556K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Equality Virginia's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Equality Virginia is a small nonprofit that has been operating for 25 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $515K |
| Total Expenses | $639K |
| Surplus / Deficit | $-124,220 |
| Total Assets | $607K |
| Total Liabilities | $22K |
| Net Assets | $585K |
| Operating Margin | -24.1% |
| Debt-to-Asset Ratio | 3.6% |
| Months of Reserves | 11.4 months |
Financial Health Grade: B
In 2023, Equality Virginia reported a deficit of $124K with expenses exceeding revenue, holds 11.4 months of operating reserves (strong position), has a debt-to-asset ratio of 3.6% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Equality Virginia's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -20.8% | +9.8% | -15.0% |
| 2022 | -13.1% | -8.5% | +7.4% |
| 2021 | +24.5% | +37.1% | +22.9% |
| 2020 | -27.3% | -43.5% | +24.5% |
| 2019 | +8.5% | +13.8% | +5.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Equality 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 Equality 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $124K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.6%.
Frequently Asked Questions about Equality Virginia
Is Equality Virginia a legitimate charity?
Based on AI analysis of IRS 990 filings, Equality Virginia (EIN: 541950205) insufficient data. 0 red flags identified, 0 strengths noted.
How does Equality Virginia spend its money?
Detailed spending breakdown data is not yet available for Equality Virginia. Check back for updated IRS 990 analysis.
Are donations to Equality Virginia tax-deductible?
Equality Virginia is registered as a tax-exempt nonprofit (EIN: 541950205). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Equality Virginia showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Equality Virginia's revenue has grown by 39.7%, moving from $369K to $515K. Total assets increased by 236.8% over the same period, from $180K to $607K. Total functional expenses rose by 73.3%, from $369K to $639K. In its most recent filing year (2023), Equality Virginia reported a deficit of $124K, with expenses exceeding revenue. The organization holds $22K in liabilities against $607K in assets (debt-to-asset ratio: 3.6%), resulting in net assets of $585K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $515K | $639K | $607K | $22K | — | — |
| 2022 | $650K | $582K | $714K | $5K | — | View 990 |
| 2021 | $748K | $636K | $664K | $23K | — | View 990 |
| 2020 | $601K | $464K | $541K | $11K | — | — |
| 2019 | $826K | $821K | $434K | $41K | — | View 990 |
| 2018 | $761K | $721K | $411K | $23K | — | View 990 |
| 2017 | $586K | $540K | $370K | $21K | — | View 990 |
| 2016 | $514K | $447K | $328K | $24K | — | View 990 |
| 2015 | $440K | $411K | $246K | $10K | — | View 990 |
| 2014 | $418K | $373K | $213K | $7K | — | View 990 |
| 2013 | $435K | $422K | $167K | $6K | — | View 990 |
| 2012 | $398K | $411K | $152K | $5K | — | View 990 |
| 2011 | $324K | $351K | $165K | $4K | — | View 990 |
| 2010 | $369K | $369K | $180K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $515K, expenses of $639K, and assets of $607K (revenue -20.8% year-over-year).
- 2022: Revenue of $650K, expenses of $582K, and assets of $714K (revenue -13.1% year-over-year).
- 2021: Revenue of $748K, expenses of $636K, and assets of $664K (revenue +24.5% year-over-year).
- 2020: Revenue of $601K, expenses of $464K, and assets of $541K (revenue -27.3% year-over-year).
- 2019: Revenue of $826K, expenses of $821K, and assets of $434K (revenue +8.5% year-over-year).
- 2018: Revenue of $761K, expenses of $721K, and assets of $411K (revenue +29.8% year-over-year).
- 2017: Revenue of $586K, expenses of $540K, and assets of $370K (revenue +14.0% year-over-year).
- 2016: Revenue of $514K, expenses of $447K, and assets of $328K (revenue +16.7% year-over-year).
- 2015: Revenue of $440K, expenses of $411K, and assets of $246K (revenue +5.4% year-over-year).
- 2014: Revenue of $418K, expenses of $373K, and assets of $213K (revenue -4.0% year-over-year).
- 2013: Revenue of $435K, expenses of $422K, and assets of $167K (revenue +9.5% year-over-year).
- 2012: Revenue of $398K, expenses of $411K, and assets of $152K (revenue +22.6% year-over-year).
- 2011: Revenue of $324K, expenses of $351K, and assets of $165K (revenue -12.0% year-over-year).
- 2010: Revenue of $369K, expenses of $369K, and assets of $180K.
Data Sources and Methodology
This transparency report for Equality 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.