Halifax County Cancer Association
EIN: 540848343 · Halifax, VA
| Metric | Value |
|---|---|
| Total Revenue | $507K |
| Total Expenses | $239K |
| Net Assets | $1.8M |
Is Halifax County Cancer Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Halifax County Cancer Association
Halifax County Cancer Association (EIN: 540848343) is a nonprofit organization based in Halifax, VA. The organization reported total revenue of $507K and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Halifax County Cancer Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Halifax County Cancer Association is a small nonprofit that has been operating for 52 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $706K |
| Total Expenses | $239K |
| Surplus / Deficit | +$468K |
| Total Assets | $1.8M |
| Total Liabilities | $849 |
| Net Assets | $1.8M |
| Operating Margin | 66.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 89.0 months |
Financial Health Grade: A
In 2023, Halifax County Cancer Association reported a surplus of $468K with revenue exceeding expenses, holds 89.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Halifax County Cancer Association's revenue has grown at a compound annual growth rate (CAGR) of 14.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +83.5% | -12.2% | +35.9% |
| 2022 | -16.7% | +54.5% | +9.4% |
| 2021 | +112.9% | +30.6% | +31.7% |
| 2020 | +47.0% | -31.1% | +10.1% |
| 2019 | -35.1% | -1.9% | -5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1974 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Halifax County Cancer Association 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 Halifax County Cancer Association 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 surplus of $468K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Halifax County Cancer Association
Is Halifax County Cancer Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Halifax County Cancer Association (EIN: 540848343) insufficient data. 0 red flags identified, 0 strengths noted.
How does Halifax County Cancer Association spend its money?
Detailed spending breakdown data is not yet available for Halifax County Cancer Association. Check back for updated IRS 990 analysis.
Are donations to Halifax County Cancer Association tax-deductible?
Halifax County Cancer Association is registered as a tax-exempt nonprofit (EIN: 540848343). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Halifax County Cancer Association located?
Halifax County Cancer Association is headquartered in Halifax, Virginia and files with the IRS under EIN 540848343.
How many years of IRS 990 filings does Halifax County Cancer Association have?
Halifax County Cancer Association 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 $507K in total revenue.
Filing History
IRS 990 filing history for Halifax County Cancer Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Halifax County Cancer Association's revenue has grown by 388%, moving from $145K to $706K. Total assets increased by 189.7% over the same period, from $611K to $1.8M. Total functional expenses rose by 84.1%, from $130K to $239K. In its most recent filing year (2023), Halifax County Cancer Association reported a surplus of $468K, with revenue exceeding expenses. The organization holds $849 in liabilities against $1.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $706K | $239K | $1.8M | $849 | — | View 990 |
| 2022 | $385K | $272K | $1.3M | $746 | — | View 990 |
| 2021 | $462K | $176K | $1.2M | $2K | — | — |
| 2020 | $217K | $135K | $905K | $1K | — | View 990 |
| 2019 | $148K | $196K | $822K | $479 | — | View 990 |
| 2018 | $228K | $200K | $870K | $587 | — | View 990 |
| 2017 | $150K | $170K | $830K | $531 | — | — |
| 2016 | $194K | $176K | $850K | $386 | — | View 990 |
| 2015 | $189K | $135K | $832K | $0 | — | View 990 |
| 2014 | $216K | $167K | $779K | $1K | — | View 990 |
| 2013 | $204K | $168K | $730K | $1K | — | View 990 |
| 2012 | $252K | $158K | $680K | $774 | — | View 990 |
| 2011 | $145K | $130K | $611K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $706K, expenses of $239K, and assets of $1.8M (revenue +83.5% year-over-year).
- 2022: Revenue of $385K, expenses of $272K, and assets of $1.3M (revenue -16.7% year-over-year).
- 2021: Revenue of $462K, expenses of $176K, and assets of $1.2M (revenue +112.9% year-over-year).
- 2020: Revenue of $217K, expenses of $135K, and assets of $905K (revenue +47.0% year-over-year).
- 2019: Revenue of $148K, expenses of $196K, and assets of $822K (revenue -35.1% year-over-year).
- 2018: Revenue of $228K, expenses of $200K, and assets of $870K (revenue +51.6% year-over-year).
- 2017: Revenue of $150K, expenses of $170K, and assets of $830K (revenue -22.7% year-over-year).
- 2016: Revenue of $194K, expenses of $176K, and assets of $850K (revenue +2.7% year-over-year).
- 2015: Revenue of $189K, expenses of $135K, and assets of $832K (revenue -12.5% year-over-year).
- 2014: Revenue of $216K, expenses of $167K, and assets of $779K (revenue +5.7% year-over-year).
- 2013: Revenue of $204K, expenses of $168K, and assets of $730K (revenue -18.9% year-over-year).
- 2012: Revenue of $252K, expenses of $158K, and assets of $680K (revenue +74.0% year-over-year).
- 2011: Revenue of $145K, expenses of $130K, and assets of $611K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Halifax County Cancer Association:
Data Sources and Methodology
This transparency report for Halifax County Cancer Association 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.