Skip Viragh Foundation Inc
Skip Viragh Foundation consistently spends more than annual revenue, drawing down assets to fund programs with zero officer compensation.
EIN: 208044292 · Reno, NV · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $54.0M |
| Total Expenses | $26.9M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $200 |
| Net Assets | $223.6M |
| Transparency Score | 92/100 |
Is Skip Viragh Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Skip Viragh Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Skip Viragh Foundation Inc
Skip Viragh Foundation Inc (EIN: 208044292) is a nonprofit organization based in Reno, NV, classified under NTEE code T20. The organization reported total revenue of $54.0M and total assets of $218.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Skip Viragh Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Skip Viragh Foundation Inc is a major 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 8.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $20.4M |
| Total Expenses | $26.9M |
| Surplus / Deficit | $-6,428,139 |
| Total Assets | $223.6M |
| Total Liabilities | $1 |
| Net Assets | $223.6M |
| Operating Margin | -31.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 99.9 months |
Financial Health Grade: B
In 2023, Skip Viragh Foundation Inc reported a deficit of $6.4M with expenses exceeding revenue, holds 99.9 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 (2011–2023), Skip Viragh Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.6% | -22.3% | -1.4% |
| 2022 | -6.4% | +4.6% | -21.7% |
| 2021 | +94.4% | +3.5% | +9.4% |
| 2020 | -28.3% | +14.5% | -8.3% |
| 2019 | +4.1% | +32.4% | -10.4% |
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 Skip Viragh Foundation Inc with a Mission Score of 92 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Skip Viragh Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $6.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Skip Viragh Foundation Inc. reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other means not reported as officer compensation, which is highly favorable for a nonprofit of its size with assets exceeding $200 million.
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 Skip Viragh Foundation Inc's IRS 990 filings:
- Consistent spending exceeding revenue, leading to asset drawdowns, though this appears to be a deliberate strategy rather than a sign of distress.
Strengths
The following positive indicators were identified for Skip Viragh Foundation Inc:
- Zero reported officer compensation across all filings, indicating strong governance and mission focus.
- Consistent high program spending, often exceeding annual revenue, demonstrating commitment to mission delivery.
- Minimal liabilities, consistently reported as $1 or $0, indicating sound financial health.
- Substantial asset base ($218,078,016 latest) providing long-term stability and capacity for impact.
Frequently Asked Questions about Skip Viragh Foundation Inc
Is Skip Viragh Foundation Inc a legitimate charity?
Skip Viragh Foundation Inc (EIN: 208044292) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $54.0M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Skip Viragh Foundation Inc spend its money?
Skip Viragh Foundation Inc directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Skip Viragh Foundation Inc tax-deductible?
Skip Viragh Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208044292). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Skip Viragh Foundation Inc CEO make?
Skip Viragh Foundation Inc's highest-compensated officer earns $200 annually. The organization reported $54.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Skip Viragh Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Skip Viragh 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 Skip Viragh Foundation Inc located?
Skip Viragh Foundation Inc is headquartered in Reno, Nevada and files with the IRS under EIN 208044292. It is classified under NTEE code T20.
How many years of IRS 990 filings does Skip Viragh Foundation Inc have?
Skip Viragh 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 $54.0M in total revenue.
Is Skip Viragh Foundation Inc. a good charity?
Based on the available financial data, the Skip Viragh Foundation Inc. appears to be a very good charity. It consistently dedicates its resources to its mission, as evidenced by its high program spending and zero reported officer compensation. Its strategy of spending down assets to fund programs suggests a strong commitment to current impact.
How does the foundation manage its expenses relative to its revenue?
The foundation consistently incurs expenses that exceed its annual revenue. For example, in 202306, expenses were $26,853,948 while revenue was $20,425,809. This indicates a deliberate strategy of utilizing its substantial asset base to fund its operations and programs.
What is the trend in the foundation's assets?
The foundation's assets have generally decreased over the past decade, from a high of $337,018,859 in 201406 to $223,568,500 in 202306. This trend is consistent with its operational model of spending more than its annual revenue to support its programs.
Filing History
IRS 990 filing history for Skip Viragh Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Skip Viragh Foundation Inc's revenue has grown by 155%, moving from $8.0M to $20.4M. Total assets decreased by 29.9% over the same period, from $319.0M to $223.6M. Total functional expenses rose by 62.1%, from $16.6M to $26.9M. In its most recent filing year (2023), Skip Viragh Foundation Inc reported a deficit of $6.4M, with expenses exceeding revenue. The organization holds $1 in liabilities against $223.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $223.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $20.4M | $26.9M | $223.6M | $1 | — | View 990 |
| 2022 | $22.1M | $34.6M | $226.8M | $1 | — | View 990 |
| 2021 | $23.6M | $33.1M | $289.5M | $1 | — | View 990 |
| 2020 | $12.2M | $31.9M | $264.6M | $1 | — | View 990 |
| 2019 | $17.0M | $27.9M | $288.6M | $1 | — | View 990 |
| 2015 | $16.3M | $21.1M | $321.9M | $0 | — | View 990 |
| 2014 | $13.0M | $20.1M | $337.0M | $0 | — | View 990 |
| 2013 | $15.0M | $19.1M | $316.3M | $0 | — | View 990 |
| 2012 | $6.3M | $17.8M | $305.4M | $0 | — | View 990 |
| 2011 | $8.0M | $16.6M | $319.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $20.4M, expenses of $26.9M, and assets of $223.6M (revenue -7.6% year-over-year).
- 2022: Revenue of $22.1M, expenses of $34.6M, and assets of $226.8M (revenue -6.4% year-over-year).
- 2021: Revenue of $23.6M, expenses of $33.1M, and assets of $289.5M (revenue +94.4% year-over-year).
- 2020: Revenue of $12.2M, expenses of $31.9M, and assets of $264.6M (revenue -28.3% year-over-year).
- 2019: Revenue of $17.0M, expenses of $27.9M, and assets of $288.6M (revenue +4.1% year-over-year).
- 2015: Revenue of $16.3M, expenses of $21.1M, and assets of $321.9M (revenue +25.0% year-over-year).
- 2014: Revenue of $13.0M, expenses of $20.1M, and assets of $337.0M (revenue -13.1% year-over-year).
- 2013: Revenue of $15.0M, expenses of $19.1M, and assets of $316.3M (revenue +137.7% year-over-year).
- 2012: Revenue of $6.3M, expenses of $17.8M, and assets of $305.4M (revenue -21.2% year-over-year).
- 2011: Revenue of $8.0M, expenses of $16.6M, and assets of $319.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Skip Viragh Foundation Inc:
Data Sources and Methodology
This transparency report for Skip Viragh 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.