The V Foundation
The V Foundation consistently directs funds to programs with zero officer compensation, showing strong financial health despite a recent expense-over-revenue period.
EIN: 133705951 · Cary, NC · NTEE: H12 · Updated: 2026-03-28
Is The V Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The V Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The V Foundation
The V Foundation (EIN: 133705951) is a nonprofit organization based in Cary, NC, classified under NTEE code H12. The organization reported total revenue of $74.6M and total assets of $145.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The V Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The V Foundation is a major nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $47.8M |
| Total Expenses | $50.4M |
| Surplus / Deficit | $-2,594,430 |
| Total Assets | $99.6M |
| Total Liabilities | $48.7M |
| Net Assets | $50.9M |
| Operating Margin | -5.4% |
| Debt-to-Asset Ratio | 48.9% |
| Months of Reserves | 23.7 months |
Financial Health Grade: B
In 2023, The V Foundation reported a deficit of $2.6M with expenses exceeding revenue, holds 23.7 months of operating reserves (strong position), has a debt-to-asset ratio of 48.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), The V Foundation's revenue has grown at a compound annual growth rate (CAGR) of 10.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +24.8% | +52.4% | +24.9% |
| 2022 | +18.8% | +24.3% | +2.4% |
| 2021 | +65.2% | +41.0% | +17.9% |
| 2020 | -41.8% | -43.1% | -13.6% |
| 2019 | -16.4% | +7.1% | +2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 The V Foundation with a Mission Score of 95 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: 85%
- fundraising: 5%
According to IRS 990 filings, The V Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $2.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 48.9%.
Executive Compensation Analysis
The V Foundation consistently reports 0% officer compensation across all available filings, indicating that no portion of its revenue is used for executive salaries, which is highly commendable for a nonprofit of its size with latest revenue of $74,569,089.
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 The V Foundation's IRS 990 filings:
- Expenses exceeded revenue in the 202309 filing period ($50,407,793 vs. $47,813,363), indicating a temporary operating deficit.
Strengths
The following positive indicators were identified for The V Foundation:
- Consistent 0% officer compensation across all filings, demonstrating exceptional financial stewardship.
- Strong program spending ratio, indicating a high percentage of funds directly support the mission.
- Significant growth in assets from $55,466,949 in 201409 to $145,853,123 currently, reflecting long-term financial stability.
- Clear alignment between NTEE code (Medical Research) and reported activities, enhancing transparency.
Frequently Asked Questions about The V Foundation
Is The V Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The V Foundation (EIN: 133705951) some concerns. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
How does The V Foundation spend its money?
The V Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The V Foundation tax-deductible?
The V Foundation is registered as a tax-exempt nonprofit (EIN: 133705951). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The V Foundation a good charity?
Yes, The V Foundation appears to be a very good charity. Its consistent dedication to program spending (estimated 85%), zero officer compensation, and significant asset growth indicate strong financial health and a clear focus on its mission of cancer research.
How has The V Foundation's financial health changed over time?
The V Foundation has shown significant financial growth over the past decade. Revenue has increased from $31,093,042 in 201409 to $47,813,363 in 202309 (and latest reported revenue of $74,569,089), and assets have grown from $55,466,949 to $145,853,123, demonstrating robust expansion.
What is the most notable financial strength of The V Foundation?
The most notable financial strength is the consistent reporting of 0% officer compensation across all available filings, ensuring that all funds are directed towards the mission rather than executive salaries.
Did The V Foundation have a deficit in its latest filing period?
Yes, in the 202309 period, The V Foundation reported expenses of $50,407,793 against revenues of $47,813,363, resulting in a deficit for that specific period. However, this is an isolated event in a generally positive trend.
Filing History
IRS 990 filing history for The V Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The V Foundation's revenue has grown by 217.4%, moving from $15.1M to $47.8M. Total assets increased by 187.5% over the same period, from $34.7M to $99.6M. Total functional expenses rose by 249.7%, from $14.4M to $50.4M. In its most recent filing year (2023), The V Foundation reported a deficit of $2.6M, with expenses exceeding revenue. The organization holds $48.7M in liabilities against $99.6M in assets (debt-to-asset ratio: 48.9%), resulting in net assets of $50.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $47.8M | $50.4M | $99.6M | $48.7M | — | View 990 |
| 2022 | $38.3M | $33.1M | $79.7M | $29.8M | — | View 990 |
| 2021 | $32.2M | $26.6M | $77.9M | $27.0M | — | View 990 |
| 2020 | $19.5M | $18.9M | $66.1M | $24.3M | — | View 990 |
| 2019 | $33.5M | $33.1M | $76.5M | $36.7M | — | View 990 |
| 2018 | $40.1M | $30.9M | $74.3M | $35.2M | — | View 990 |
| 2017 | $29.3M | $27.7M | $71.5M | $36.7M | — | View 990 |
| 2016 | $24.7M | $25.5M | $67.0M | $33.9M | — | View 990 |
| 2015 | $28.5M | $25.2M | $64.6M | $31.8M | — | View 990 |
| 2014 | $31.1M | $18.8M | $55.5M | $24.2M | — | View 990 |
| 2013 | $17.8M | $16.9M | $40.2M | $22.2M | — | View 990 |
| 2012 | $17.2M | $17.0M | $36.8M | $20.4M | — | View 990 |
| 2011 | $15.1M | $14.4M | $34.7M | $19.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $47.8M, expenses of $50.4M, and assets of $99.6M (revenue +24.8% year-over-year).
- 2022: Revenue of $38.3M, expenses of $33.1M, and assets of $79.7M (revenue +18.8% year-over-year).
- 2021: Revenue of $32.2M, expenses of $26.6M, and assets of $77.9M (revenue +65.2% year-over-year).
- 2020: Revenue of $19.5M, expenses of $18.9M, and assets of $66.1M (revenue -41.8% year-over-year).
- 2019: Revenue of $33.5M, expenses of $33.1M, and assets of $76.5M (revenue -16.4% year-over-year).
- 2018: Revenue of $40.1M, expenses of $30.9M, and assets of $74.3M (revenue +36.9% year-over-year).
- 2017: Revenue of $29.3M, expenses of $27.7M, and assets of $71.5M (revenue +18.3% year-over-year).
- 2016: Revenue of $24.7M, expenses of $25.5M, and assets of $67.0M (revenue -13.1% year-over-year).
- 2015: Revenue of $28.5M, expenses of $25.2M, and assets of $64.6M (revenue -8.4% year-over-year).
- 2014: Revenue of $31.1M, expenses of $18.8M, and assets of $55.5M (revenue +74.7% year-over-year).
- 2013: Revenue of $17.8M, expenses of $16.9M, and assets of $40.2M (revenue +3.4% year-over-year).
- 2012: Revenue of $17.2M, expenses of $17.0M, and assets of $36.8M (revenue +14.3% year-over-year).
- 2011: Revenue of $15.1M, expenses of $14.4M, and assets of $34.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The V Foundation:
Data Sources and Methodology
This transparency report for The V Foundation 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.