Van And Joanna Christy Scholarship Fund
Van And Joanna Christy Scholarship Fund maintains stable assets and zero officer compensation over a decade.
EIN: 20484968 · Johnston, RI · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $324K |
| Total Expenses | $124K |
| Program Spending | 95% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.2M |
| Transparency Score | 90/100 |
Is Van And Joanna Christy Scholarship Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Van And Joanna Christy Scholarship Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Van And Joanna Christy Scholarship Fund
Van And Joanna Christy Scholarship Fund (EIN: 20484968) is a nonprofit organization based in Johnston, RI. The organization reported total revenue of $324K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Van And Joanna Christy Scholarship Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Van And Joanna Christy Scholarship Fund is a small nonprofit that has been operating for 30 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $53K |
| Total Expenses | $124K |
| Surplus / Deficit | $-71,295 |
| Total Assets | $1.2M |
| Total Liabilities | $1 |
| Net Assets | $1.2M |
| Operating Margin | -134.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 117.1 months |
Financial Health Grade: B
In 2023, Van And Joanna Christy Scholarship Fund reported a deficit of $71K with expenses exceeding revenue, holds 117.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2023), Van And Joanna Christy Scholarship Fund's revenue has declined at a compound annual growth rate (CAGR) of -3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -60.3% | -6.0% | -5.6% |
| 2022 | +15.0% | +44.7% | +0.2% |
| 2021 | +235.7% | +227.3% | +1.9% |
| 2020 | -70.9% | -70.7% | +10.1% |
| 2015 | -6.1% | -35.5% | +2.5% |
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 Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Van And Joanna Christy Scholarship Fund 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Van And Joanna Christy Scholarship Fund 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 $71K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for an organization of its size with assets over $1 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 Van And Joanna Christy Scholarship Fund's IRS 990 filings:
- NTEE Code is unknown, which can make it harder to benchmark against similar organizations.
Strengths
The following positive indicators were identified for Van And Joanna Christy Scholarship Fund:
- Consistent zero officer compensation, indicating volunteer leadership and high efficiency.
- Stable and growing asset base over more than a decade, demonstrating strong financial management.
- Minimal liabilities reported consistently, suggesting low financial risk.
- Regular IRS 990 filings, indicating good transparency and compliance.
Frequently Asked Questions about Van And Joanna Christy Scholarship Fund
Is Van And Joanna Christy Scholarship Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Van And Joanna Christy Scholarship Fund (EIN: 20484968) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Van And Joanna Christy Scholarship Fund spend its money?
Van And Joanna Christy Scholarship Fund directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Van And Joanna Christy Scholarship Fund tax-deductible?
Van And Joanna Christy Scholarship Fund is registered as a tax-exempt nonprofit (EIN: 20484968). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Van And Joanna Christy Scholarship Fund CEO make?
Van And Joanna Christy Scholarship Fund's highest-compensated officer earns $1 annually. The organization reported $324K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Van And Joanna Christy Scholarship Fund located?
Van And Joanna Christy Scholarship Fund is headquartered in Johnston, Rhode Island and files with the IRS under EIN 20484968.
How many years of IRS 990 filings does Van And Joanna Christy Scholarship Fund have?
Van And Joanna Christy Scholarship Fund has 9 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 $324K in total revenue.
Is the Van And Joanna Christy Scholarship Fund a good charity?
Based on the provided data, the Van And Joanna Christy Scholarship Fund appears to be a very good charity. It consistently maintains a stable asset base, reports zero officer compensation, and has minimal liabilities, indicating strong financial health and a high dedication of resources to its mission.
How does the organization manage its expenses relative to its revenue?
The organization generally manages its expenses well, with expenses often aligning closely with or being slightly below revenue. For example, in 2022, revenue was $133,144 and expenses were $132,115. While there was a deficit in 2023 (revenue $52,885, expenses $124,180), this appears to be an anomaly in an otherwise balanced financial history, and the organization's substantial asset base can absorb such fluctuations.
What is the trend in the organization's assets?
The organization's assets have shown a consistent upward trend over the long term, growing from $1,084,292 in 2011 to $1,211,358 in 2023, with some minor fluctuations year-to-year. This indicates effective asset management and growth.
Filing History
IRS 990 filing history for Van And Joanna Christy Scholarship Fund showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Van And Joanna Christy Scholarship Fund's revenue has declined by 32.7%, moving from $79K to $53K. Total assets increased by 11.7% over the same period, from $1.1M to $1.2M. Total functional expenses rose by 68.9%, from $74K to $124K. In its most recent filing year (2023), Van And Joanna Christy Scholarship Fund reported a deficit of $71K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $53K | $124K | $1.2M | $1 | — | View 990 |
| 2022 | $133K | $132K | $1.3M | $1 | — | View 990 |
| 2021 | $116K | $91K | $1.3M | $1 | — | View 990 |
| 2020 | $34K | $28K | $1.3M | $1 | — | View 990 |
| 2015 | $118K | $95K | $1.1M | $0 | — | — |
| 2014 | $126K | $148K | $1.1M | $0 | — | View 990 |
| 2013 | $94K | $82K | $1.1M | $0 | — | View 990 |
| 2012 | $61K | $18K | $1.1M | $0 | — | View 990 |
| 2011 | $79K | $74K | $1.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $53K, expenses of $124K, and assets of $1.2M (revenue -60.3% year-over-year).
- 2022: Revenue of $133K, expenses of $132K, and assets of $1.3M (revenue +15.0% year-over-year).
- 2021: Revenue of $116K, expenses of $91K, and assets of $1.3M (revenue +235.7% year-over-year).
- 2020: Revenue of $34K, expenses of $28K, and assets of $1.3M (revenue -70.9% year-over-year).
- 2015: Revenue of $118K, expenses of $95K, and assets of $1.1M (revenue -6.1% year-over-year).
- 2014: Revenue of $126K, expenses of $148K, and assets of $1.1M (revenue +34.6% year-over-year).
- 2013: Revenue of $94K, expenses of $82K, and assets of $1.1M (revenue +52.8% year-over-year).
- 2012: Revenue of $61K, expenses of $18K, and assets of $1.1M (revenue -22.0% year-over-year).
- 2011: Revenue of $79K, expenses of $74K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Van And Joanna Christy Scholarship Fund:
Data Sources and Methodology
This transparency report for Van And Joanna Christy Scholarship Fund 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.