Northern Virginia Health Foundation Inc
Northern Virginia Health Foundation consistently expends more than annual revenue, drawing on substantial assets to fund health initiatives.
EIN: 204062932 · Alexandria, VA · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.1M |
| Total Expenses | $3.2M |
| Program Spending | 90% |
| Net Assets | $32.7M |
| Transparency Score | 90/100 |
Is Northern Virginia Health Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Northern Virginia Health Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Northern Virginia Health Foundation Inc
Northern Virginia Health Foundation Inc (EIN: 204062932) is a nonprofit organization based in Alexandria, VA, classified under NTEE code T20. The organization reported total revenue of $6.1M and total assets of $34.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northern Virginia Health Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Northern Virginia Health Foundation Inc is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $3.2M |
| Surplus / Deficit | $-552,053 |
| Total Assets | $33.3M |
| Total Liabilities | $684K |
| Net Assets | $32.7M |
| Operating Margin | -20.6% |
| Debt-to-Asset Ratio | 2.1% |
| Months of Reserves | 123.8 months |
Financial Health Grade: B
In 2023, Northern Virginia Health Foundation Inc reported a deficit of $552K with expenses exceeding revenue, holds 123.8 months of operating reserves (strong position), has a debt-to-asset ratio of 2.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Northern Virginia Health Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.2% | +6.4% | +4.2% |
| 2022 | -3.5% | +8.2% | -20.2% |
| 2021 | +53.3% | +22.9% | +9.8% |
| 2020 | -19.9% | -7.7% | +6.4% |
| 2019 | +258.4% | +14.7% | +14.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Northern Virginia Health Foundation 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, Northern Virginia Health Foundation 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 $552K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation directly from the foundation, which is highly favorable for resource allocation to its mission.
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 Northern Virginia Health Foundation Inc's IRS 990 filings:
- Consistent operational deficit (expenses exceeding revenue) could be a concern if not managed by a sustainable endowment draw policy.
Strengths
The following positive indicators were identified for Northern Virginia Health Foundation Inc:
- Strong program spending, as evidenced by expenses consistently exceeding revenue, indicating active grantmaking.
- Substantial and stable asset base (over $30 million) provides long-term financial security.
- Zero officer compensation reported, demonstrating a high commitment to directing funds to the mission.
- Consistent filing history over a decade, indicating transparency and compliance.
Frequently Asked Questions about Northern Virginia Health Foundation Inc
Is Northern Virginia Health Foundation Inc a legitimate charity?
Northern Virginia Health Foundation Inc (EIN: 204062932) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $6.1M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Northern Virginia Health Foundation Inc spend its money?
Northern Virginia Health Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Northern Virginia Health Foundation Inc tax-deductible?
Northern Virginia Health Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204062932). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Northern Virginia Health Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Northern Virginia Health Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Northern Virginia Health Foundation Inc located?
Northern Virginia Health Foundation Inc is headquartered in Alexandria, Virginia and files with the IRS under EIN 204062932. It is classified under NTEE code T20.
How many years of IRS 990 filings does Northern Virginia Health Foundation Inc have?
Northern Virginia Health Foundation Inc 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 $6.1M in total revenue.
Is Northern Virginia Health Foundation Inc. a good charity?
Based on the available data, the Northern Virginia Health Foundation Inc. appears to be a very good charity. It consistently directs its resources towards its mission, as evidenced by its spending exceeding revenue and 0% officer compensation. Its substantial asset base provides stability for its grantmaking activities.
How does the organization sustain itself if expenses consistently exceed revenue?
The organization sustains itself by drawing down on its significant asset base, which has ranged from $30 million to $40 million over the past decade. This suggests an endowment model where investment returns and principal are used to fund operations and grants.
What is the trend in the organization's assets?
The organization's assets have remained substantial and relatively stable over the past decade, fluctuating between a low of $29,873,450 in 2015 and a high of $40,080,153 in 2021, indicating sound financial management of its endowment.
Filing History
IRS 990 filing history for Northern Virginia Health Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Northern Virginia Health Foundation Inc's revenue has grown by 205.5%, moving from $877K to $2.7M. Total assets increased by 9.4% over the same period, from $30.5M to $33.3M. Total functional expenses rose by 95.5%, from $1.7M to $3.2M. In its most recent filing year (2023), Northern Virginia Health Foundation Inc reported a deficit of $552K, with expenses exceeding revenue. The organization holds $684K in liabilities against $33.3M in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $32.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.7M | $3.2M | $33.3M | $684K | — | View 990 |
| 2022 | $2.5M | $3.0M | $32.0M | $642K | — | View 990 |
| 2021 | $2.5M | $2.8M | $40.1M | $487K | — | View 990 |
| 2020 | $1.7M | $2.3M | $36.5M | $390K | — | — |
| 2019 | $2.1M | $2.5M | $34.3M | $306K | — | — |
| 2015 | $577K | $2.2M | $29.9M | $184K | — | View 990 |
| 2014 | $1.8M | $2.3M | $32.0M | $159K | — | View 990 |
| 2013 | $1.1M | $1.9M | $32.8M | $122K | — | View 990 |
| 2012 | $1.5M | $1.6M | $31.4M | $46K | — | View 990 |
| 2011 | $877K | $1.7M | $30.5M | $657 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.7M, expenses of $3.2M, and assets of $33.3M (revenue +9.2% year-over-year).
- 2022: Revenue of $2.5M, expenses of $3.0M, and assets of $32.0M (revenue -3.5% year-over-year).
- 2021: Revenue of $2.5M, expenses of $2.8M, and assets of $40.1M (revenue +53.3% year-over-year).
- 2020: Revenue of $1.7M, expenses of $2.3M, and assets of $36.5M (revenue -19.9% year-over-year).
- 2019: Revenue of $2.1M, expenses of $2.5M, and assets of $34.3M (revenue +258.4% year-over-year).
- 2015: Revenue of $577K, expenses of $2.2M, and assets of $29.9M (revenue -68.0% year-over-year).
- 2014: Revenue of $1.8M, expenses of $2.3M, and assets of $32.0M (revenue +58.4% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.9M, and assets of $32.8M (revenue -23.1% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.6M, and assets of $31.4M (revenue +68.7% year-over-year).
- 2011: Revenue of $877K, expenses of $1.7M, and assets of $30.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Northern Virginia Health Foundation Inc:
Data Sources and Methodology
This transparency report for Northern Virginia Health Foundation 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.