The Virginia Peninsula Chapter Of 100 Black Men Of America Inc
EIN: 241621828 · Newport News, VA · NTEE: N50
Is The Virginia Peninsula Chapter Of 100 Black Men Of America Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Virginia Peninsula Chapter Of 100 Black Men Of America Inc
The Virginia Peninsula Chapter Of 100 Black Men Of America Inc (EIN: 241621828) is a nonprofit organization based in Newport News, VA, classified under NTEE code N50. The organization reported total revenue of $179K and total assets of $271K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Virginia Peninsula Chapter Of 100 Black Men Of America Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Virginia Peninsula Chapter Of 100 Black Men Of America Inc is a small nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $154K |
| Total Expenses | $169K |
| Surplus / Deficit | $-14,891 |
| Total Assets | $298K |
| Net Assets | $298K |
| Operating Margin | -9.6% |
| Months of Reserves | 21.1 months |
Financial Health Grade: B
In 2023, The Virginia Peninsula Chapter Of 100 Black Men Of America Inc reported a deficit of $15K with expenses exceeding revenue, holds 21.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), The Virginia Peninsula Chapter Of 100 Black Men Of America Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.9% | +39.3% | +3.0% |
| 2022 | +35.1% | +44.9% | +2.9% |
| 2021 | +155.2% | +29.4% | +44.8% |
| 2020 | -47.4% | -26.1% | -8.4% |
| 2019 | +7.3% | -6.5% | -8.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Virginia Peninsula Chapter Of 100 Black Men Of America Inc 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 The Virginia Peninsula Chapter Of 100 Black Men Of America Inc 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 deficit of $15K, with expenses exceeding revenue.
Frequently Asked Questions about The Virginia Peninsula Chapter Of 100 Black Men Of America Inc
Is The Virginia Peninsula Chapter Of 100 Black Men Of America Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Virginia Peninsula Chapter Of 100 Black Men Of America Inc (EIN: 241621828) insufficient data. 0 red flags identified, 0 strengths noted.
How does The Virginia Peninsula Chapter Of 100 Black Men Of America Inc spend its money?
Detailed spending breakdown data is not yet available for The Virginia Peninsula Chapter Of 100 Black Men Of America Inc. Check back for updated IRS 990 analysis.
Are donations to The Virginia Peninsula Chapter Of 100 Black Men Of America Inc tax-deductible?
The Virginia Peninsula Chapter Of 100 Black Men Of America Inc is registered as a tax-exempt nonprofit (EIN: 241621828). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for The Virginia Peninsula Chapter Of 100 Black Men Of America Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Virginia Peninsula Chapter Of 100 Black Men Of America Inc's revenue has grown by 100.2%, moving from $77K to $154K. Total assets increased by 96.8% over the same period, from $151K to $298K. Total functional expenses rose by 159.4%, from $65K to $169K. In its most recent filing year (2023), The Virginia Peninsula Chapter Of 100 Black Men Of America Inc reported a deficit of $15K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $154K | $169K | $298K | $0 | — | — |
| 2022 | $162K | $122K | $289K | $0 | — | View 990 |
| 2021 | $120K | $84K | $281K | $0 | — | View 990 |
| 2020 | $47K | $65K | $194K | $0 | — | View 990 |
| 2019 | $90K | $88K | $212K | $0 | — | View 990 |
| 2018 | $83K | $94K | $231K | $0 | — | View 990 |
| 2017 | $125K | $97K | $262K | $0 | — | View 990 |
| 2016 | $82K | $75K | $215K | $0 | — | View 990 |
| 2015 | $86K | $67K | $195K | $0 | — | View 990 |
| 2014 | $122K | $63K | $187K | $0 | — | View 990 |
| 2013 | $84K | $67K | $179K | $0 | — | View 990 |
| 2012 | $89K | $79K | $161K | $0 | — | View 990 |
| 2011 | $77K | $65K | $151K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $154K, expenses of $169K, and assets of $298K (revenue -4.9% year-over-year).
- 2022: Revenue of $162K, expenses of $122K, and assets of $289K (revenue +35.1% year-over-year).
- 2021: Revenue of $120K, expenses of $84K, and assets of $281K (revenue +155.2% year-over-year).
- 2020: Revenue of $47K, expenses of $65K, and assets of $194K (revenue -47.4% year-over-year).
- 2019: Revenue of $90K, expenses of $88K, and assets of $212K (revenue +7.3% year-over-year).
- 2018: Revenue of $83K, expenses of $94K, and assets of $231K (revenue -33.4% year-over-year).
- 2017: Revenue of $125K, expenses of $97K, and assets of $262K (revenue +52.5% year-over-year).
- 2016: Revenue of $82K, expenses of $75K, and assets of $215K (revenue -4.6% year-over-year).
- 2015: Revenue of $86K, expenses of $67K, and assets of $195K (revenue -29.5% year-over-year).
- 2014: Revenue of $122K, expenses of $63K, and assets of $187K (revenue +44.7% year-over-year).
- 2013: Revenue of $84K, expenses of $67K, and assets of $179K (revenue -5.3% year-over-year).
- 2012: Revenue of $89K, expenses of $79K, and assets of $161K (revenue +15.6% year-over-year).
- 2011: Revenue of $77K, expenses of $65K, and assets of $151K.
Data Sources and Methodology
This transparency report for The Virginia Peninsula Chapter Of 100 Black Men Of America 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.