Vba Education Foundation
Vba Education Foundation maintains strong financial health with high program spending and no officer compensation.
EIN: 204943021 · Glen Allen, VA · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $239K |
| Total Expenses | $204K |
| Program Spending | 85% |
| Net Assets | $2.1M |
| Transparency Score | 95/100 |
Is Vba Education Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Vba Education Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Vba Education Foundation
Vba Education Foundation (EIN: 204943021) is a nonprofit organization based in Glen Allen, VA, classified under NTEE code T30. The organization reported total revenue of $239K and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vba Education Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vba Education Foundation is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $402K |
| Total Expenses | $204K |
| Surplus / Deficit | +$198K |
| Total Assets | $2.1M |
| Net Assets | $2.1M |
| Operating Margin | 49.1% |
| Months of Reserves | 122.4 months |
Financial Health Grade: A
In 2023, Vba Education Foundation reported a surplus of $198K with revenue exceeding expenses, holds 122.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Vba Education Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.3% | -1.0% | +10.5% |
| 2022 | +64.0% | +134.2% | +8.0% |
| 2021 | +54.6% | -1.0% | +7.5% |
| 2020 | -11.2% | -18.6% | +3.0% |
| 2019 | -25.8% | -5.6% | +2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Vba Education 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, Vba Education 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 surplus of $198K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly commendable for a nonprofit of its size.
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.
Strengths
The following positive indicators were identified for Vba Education Foundation:
- High program spending ratio (85% in 2023)
- No reported officer compensation across all filings
- Consistent asset growth, reaching over $2 million in 2023
- No reported liabilities, indicating strong financial stability
- Significant revenue growth in recent years (e.g., $210,777 in 2021 to $402,004 in 2023)
Frequently Asked Questions about Vba Education Foundation
Is Vba Education Foundation a legitimate charity?
Vba Education Foundation (EIN: 204943021) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $239K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Vba Education Foundation spend its money?
Vba Education Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Vba Education Foundation tax-deductible?
Vba Education Foundation is registered as a tax-exempt nonprofit (EIN: 204943021). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Vba Education Foundation's spending goes to programs?
Vba Education Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Vba Education Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Vba Education Foundation is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Vba Education Foundation located?
Vba Education Foundation is headquartered in Glen Allen, Virginia and files with the IRS under EIN 204943021. It is classified under NTEE code T30.
How many years of IRS 990 filings does Vba Education Foundation have?
Vba Education Foundation has 13 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 $239K in total revenue.
Is Vba Education Foundation a good charity?
Yes, based on the available IRS 990 data, Vba Education Foundation appears to be a very good charity. They demonstrate excellent financial health, high program spending (85% in 2023), and exceptional transparency with no reported officer compensation.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved, with assets growing from $1,224,916 in 2014 to $2,085,996 in 2023. Revenue has also seen substantial growth, particularly from $210,777 in 2021 to $402,004 in 2023, while maintaining stable expenses and no liabilities.
What is the organization's spending efficiency?
Vba Education Foundation exhibits high spending efficiency. In 2023, 85% of its total expenses ($173,769 out of $204,434) were allocated to program services, indicating a strong focus on its mission.
Filing History
IRS 990 filing history for Vba Education Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Vba Education Foundation's revenue has grown by 71.6%, moving from $234K to $402K. Total assets increased by 121.1% over the same period, from $943K to $2.1M. Total functional expenses fell by 35.8%, from $318K to $204K. In its most recent filing year (2023), Vba Education Foundation reported a surplus of $198K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $402K | $204K | $2.1M | $0 | — | — |
| 2022 | $346K | $206K | $1.9M | $0 | — | — |
| 2021 | $211K | $88K | $1.7M | $0 | — | View 990 |
| 2020 | $136K | $89K | $1.6M | $0 | — | View 990 |
| 2019 | $154K | $109K | $1.6M | $0 | — | View 990 |
| 2018 | $207K | $116K | $1.5M | $0 | — | View 990 |
| 2017 | $206K | $101K | $1.4M | $0 | — | — |
| 2016 | $113K | $101K | $1.3M | $0 | — | View 990 |
| 2015 | $187K | $85K | $1.3M | $0 | — | View 990 |
| 2014 | $170K | $80K | $1.2M | $0 | — | View 990 |
| 2013 | $189K | $74K | $1.1M | $0 | — | View 990 |
| 2012 | $141K | $65K | $1.0M | $0 | — | View 990 |
| 2011 | $234K | $318K | $943K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $402K, expenses of $204K, and assets of $2.1M (revenue +16.3% year-over-year).
- 2022: Revenue of $346K, expenses of $206K, and assets of $1.9M (revenue +64.0% year-over-year).
- 2021: Revenue of $211K, expenses of $88K, and assets of $1.7M (revenue +54.6% year-over-year).
- 2020: Revenue of $136K, expenses of $89K, and assets of $1.6M (revenue -11.2% year-over-year).
- 2019: Revenue of $154K, expenses of $109K, and assets of $1.6M (revenue -25.8% year-over-year).
- 2018: Revenue of $207K, expenses of $116K, and assets of $1.5M (revenue +0.6% year-over-year).
- 2017: Revenue of $206K, expenses of $101K, and assets of $1.4M (revenue +81.8% year-over-year).
- 2016: Revenue of $113K, expenses of $101K, and assets of $1.3M (revenue -39.5% year-over-year).
- 2015: Revenue of $187K, expenses of $85K, and assets of $1.3M (revenue +9.7% year-over-year).
- 2014: Revenue of $170K, expenses of $80K, and assets of $1.2M (revenue -9.8% year-over-year).
- 2013: Revenue of $189K, expenses of $74K, and assets of $1.1M (revenue +34.1% year-over-year).
- 2012: Revenue of $141K, expenses of $65K, and assets of $1.0M (revenue -39.8% year-over-year).
- 2011: Revenue of $234K, expenses of $318K, and assets of $943K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vba Education Foundation:
Data Sources and Methodology
This transparency report for Vba Education 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.