Mary Virginia Fairfax Memorial Scholarship
EIN: 237451679 · Wheeling, WV
| Metric | Value |
|---|---|
| Total Revenue | $6K |
| Total Expenses | $2K |
| Net Assets | $24K |
Is Mary Virginia Fairfax Memorial Scholarship Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mary Virginia Fairfax Memorial Scholarship
Mary Virginia Fairfax Memorial Scholarship (EIN: 237451679) is a nonprofit organization based in Wheeling, WV. The organization reported total revenue of $6K and total assets of $25K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mary Virginia Fairfax Memorial Scholarship's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mary Virginia Fairfax Memorial Scholarship is a micro nonprofit that has been operating for 51 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1K |
| Total Expenses | $2K |
| Surplus / Deficit | $-516 |
| Total Assets | $24K |
| Total Liabilities | $1 |
| Net Assets | $24K |
| Operating Margin | -40.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 160.0 months |
Financial Health Grade: B
In 2024, Mary Virginia Fairfax Memorial Scholarship reported a deficit of $516 with expenses exceeding revenue, holds 160.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2024), Mary Virginia Fairfax Memorial Scholarship's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +0.6% | -12.1% | -2.1% |
| 2023 | -48.5% | +1.5% | -2.9% |
| 2022 | -1.8% | +4.2% | +1.9% |
| 2021 | +50.8% | -13.6% | +2.5% |
| 2020 | +40.5% | +7.3% | -5.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1975 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mary Virginia Fairfax Memorial Scholarship 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 Mary Virginia Fairfax Memorial Scholarship 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $516, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Mary Virginia Fairfax Memorial Scholarship
Is Mary Virginia Fairfax Memorial Scholarship a legitimate charity?
Mary Virginia Fairfax Memorial Scholarship (EIN: 237451679) is a registered tax-exempt nonprofit based in West Virginia. It has 10 years of IRS 990 filings on record. Total revenue: $6K. No red flags identified. Financial health grade: B.
How does Mary Virginia Fairfax Memorial Scholarship spend its money?
Mary Virginia Fairfax Memorial Scholarship reported $6K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Mary Virginia Fairfax Memorial Scholarship tax-deductible?
Mary Virginia Fairfax Memorial Scholarship is registered as a tax-exempt nonprofit (EIN: 237451679). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mary Virginia Fairfax Memorial Scholarship located?
Mary Virginia Fairfax Memorial Scholarship is headquartered in Wheeling, West Virginia and files with the IRS under EIN 237451679.
How many years of IRS 990 filings does Mary Virginia Fairfax Memorial Scholarship have?
Mary Virginia Fairfax Memorial Scholarship has 10 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 $6K in total revenue.
Filing History
IRS 990 filing history for Mary Virginia Fairfax Memorial Scholarship showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Mary Virginia Fairfax Memorial Scholarship's revenue has grown by 15.6%, moving from $1K to $1K. Total assets decreased by 15.8% over the same period, from $28K to $24K. Total functional expenses fell by 15%, from $2K to $2K. In its most recent filing year (2024), Mary Virginia Fairfax Memorial Scholarship reported a deficit of $516, with expenses exceeding revenue. The organization holds $1 in liabilities against $24K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $24K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1K | $2K | $24K | $1 | — | — |
| 2023 | $1K | $2K | $24K | $1 | — | — |
| 2022 | $2K | $2K | $25K | $1 | — | — |
| 2021 | $3K | $2K | $25K | $1 | — | — |
| 2020 | $2K | $2K | $24K | $1 | — | View 990 |
| 2016 | $1K | $2K | $25K | $1 | — | View 990 |
| 2015 | $1K | $2K | $26K | $1 | — | View 990 |
| 2014 | $1K | $2K | $27K | $1 | — | View 990 |
| 2013 | $1K | $2K | $28K | $1 | — | View 990 |
| 2012 | $1K | $2K | $28K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1K, expenses of $2K, and assets of $24K (revenue +0.6% year-over-year).
- 2023: Revenue of $1K, expenses of $2K, and assets of $24K (revenue -48.5% year-over-year).
- 2022: Revenue of $2K, expenses of $2K, and assets of $25K (revenue -1.8% year-over-year).
- 2021: Revenue of $3K, expenses of $2K, and assets of $25K (revenue +50.8% year-over-year).
- 2020: Revenue of $2K, expenses of $2K, and assets of $24K (revenue +40.5% year-over-year).
- 2016: Revenue of $1K, expenses of $2K, and assets of $25K (revenue -5.0% year-over-year).
- 2015: Revenue of $1K, expenses of $2K, and assets of $26K (revenue -12.4% year-over-year).
- 2014: Revenue of $1K, expenses of $2K, and assets of $27K (revenue +19.6% year-over-year).
- 2013: Revenue of $1K, expenses of $2K, and assets of $28K (revenue +7.9% year-over-year).
- 2012: Revenue of $1K, expenses of $2K, and assets of $28K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mary Virginia Fairfax Memorial Scholarship:
Data Sources and Methodology
This transparency report for Mary Virginia Fairfax Memorial Scholarship 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.