Vgs Foundation Inc
Vgs Foundation Inc shows volatile revenue, consistent expenses, and zero reported officer compensation.
EIN: 202965411 · Somerset, NJ · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.1M |
| Total Expenses | $886K |
| Program Spending | 80% |
| Net Assets | $17.1M |
| Transparency Score | 75/100 |
Is Vgs Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Vgs Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Vgs Foundation Inc
Vgs Foundation Inc (EIN: 202965411) is a nonprofit organization based in Somerset, NJ, classified under NTEE code T20. The organization reported total revenue of $5.1M and total assets of $18.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vgs Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vgs Foundation Inc is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 51.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $276K |
| Total Expenses | $886K |
| Surplus / Deficit | $-610,247 |
| Total Assets | $17.1M |
| Total Liabilities | $1 |
| Net Assets | $17.1M |
| Operating Margin | -221.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 231.9 months |
Financial Health Grade: B
In 2023, Vgs Foundation Inc reported a deficit of $610K with expenses exceeding revenue, holds 231.9 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), Vgs Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 51.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -130.3% | +17.3% | -13.5% |
| 2021 | -95.7% | -1.8% | -2.6% |
| 2020 | +520.6% | -7.1% | +8.7% |
| 2019 | +3342.8% | +5084.5% | +405901.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Vgs Foundation Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Vgs Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $610K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating either a fully volunteer-led executive team or that compensation is covered by an affiliated entity, which is a strong positive for transparency and resource allocation directly to mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Vgs Foundation Inc's IRS 990 filings:
- Highly volatile revenue, including negative revenue in 2022 ($-55,542).
- Expenses frequently exceed revenue in recent years (e.g., 2023 expenses $886,391 vs. revenue $276,144), indicating potential reliance on asset drawdowns.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data makes precise efficiency assessment difficult.
Strengths
The following positive indicators were identified for Vgs Foundation Inc:
- Substantial asset base ($18,658,120) provides financial stability.
- Consistent reporting of 0% officer compensation across all filings, indicating strong transparency and potentially volunteer leadership.
- Low reported liabilities ($1 in recent years) suggests good financial management of debt.
Frequently Asked Questions about Vgs Foundation Inc
Is Vgs Foundation Inc a legitimate charity?
Vgs Foundation Inc (EIN: 202965411) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $5.1M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Vgs Foundation Inc spend its money?
Vgs Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Vgs Foundation Inc tax-deductible?
Vgs Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202965411). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Vgs Foundation Inc's spending goes to programs?
Vgs Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Vgs Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Vgs 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 Vgs Foundation Inc located?
Vgs Foundation Inc is headquartered in Somerset, New Jersey and files with the IRS under EIN 202965411. It is classified under NTEE code T20.
How many years of IRS 990 filings does Vgs Foundation Inc have?
Vgs 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 $5.1M in total revenue.
Is Vgs Foundation Inc a good charity?
Based on the available data, Vgs Foundation Inc exhibits strong financial transparency regarding executive compensation (0% reported). However, its revenue has been highly inconsistent, and expenses have frequently outpaced revenue in recent years. A 'good' charity assessment would require more detailed expense breakdowns to evaluate program efficiency and a clearer understanding of its grantmaking impact.
Why is the revenue so inconsistent?
The revenue for Vgs Foundation Inc has shown extreme fluctuations, from negative revenue in 2022 ($-55,542) to over $4 million in 2020. This could be due to reliance on a few large, infrequent donations, investment gains/losses, or specific grant cycles that vary significantly year-to-year. Without further detail, the exact cause remains unclear.
How does Vgs Foundation Inc cover its expenses when revenue is low?
In years where expenses significantly exceed revenue (e.g., 2023: $886,391 expenses vs. $276,144 revenue), Vgs Foundation Inc likely covers the deficit by drawing from its substantial asset base, which stood at $18,658,120. This is a common practice for foundations with endowments.
What is the purpose of Vgs Foundation Inc given its NTEE code?
With an NTEE code of T20 (Philanthropy, Voluntarism, and Grantmaking Foundations), Vgs Foundation Inc's primary purpose is likely to provide grants or financial support to other organizations or individuals, rather than directly delivering services. This explains why its direct 'program expenses' might be in the form of grants out.
Filing History
IRS 990 filing history for Vgs Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Vgs Foundation Inc's revenue has grown by 14503.1%, moving from $2K to $276K. Total assets increased by 24470.6% over the same period, from $70K to $17.1M. Total functional expenses rose by 1346.8%, from $61K to $886K. In its most recent filing year (2023), Vgs Foundation Inc reported a deficit of $610K, with expenses exceeding revenue. The organization holds $1 in liabilities against $17.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $17.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $276K | $886K | $17.1M | $1 | — | View 990 |
| 2022 | $-55,542 | $956K | $15.6M | $1 | — | View 990 |
| 2021 | $183K | $815K | $18.0M | $1 | — | — |
| 2020 | $4.3M | $830K | $18.5M | $1 | — | View 990 |
| 2019 | $689K | $894K | $17.0M | $0 | — | View 990 |
| 2015 | $20K | $17K | $4K | $0 | — | View 990 |
| 2014 | $10K | $11K | $1K | $0 | — | View 990 |
| 2013 | $7K | $44K | $3K | $0 | — | View 990 |
| 2012 | $747 | $31K | $40K | $1 | — | View 990 |
| 2011 | $2K | $61K | $70K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $276K, expenses of $886K, and assets of $17.1M.
- 2022: Revenue of $-55,542, expenses of $956K, and assets of $15.6M (revenue -130.3% year-over-year).
- 2021: Revenue of $183K, expenses of $815K, and assets of $18.0M (revenue -95.7% year-over-year).
- 2020: Revenue of $4.3M, expenses of $830K, and assets of $18.5M (revenue +520.6% year-over-year).
- 2019: Revenue of $689K, expenses of $894K, and assets of $17.0M (revenue +3342.8% year-over-year).
- 2015: Revenue of $20K, expenses of $17K, and assets of $4K (revenue +100.0% year-over-year).
- 2014: Revenue of $10K, expenses of $11K, and assets of $1K (revenue +35.4% year-over-year).
- 2013: Revenue of $7K, expenses of $44K, and assets of $3K (revenue +888.4% year-over-year).
- 2012: Revenue of $747, expenses of $31K, and assets of $40K (revenue -60.5% year-over-year).
- 2011: Revenue of $2K, expenses of $61K, and assets of $70K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vgs Foundation Inc:
Data Sources and Methodology
This transparency report for Vgs 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.