Vibe District Virginia Beach
EIN: 471131974 · Virginia Bch, VA · NTEE: S31
| Metric | Value |
|---|---|
| Total Revenue | $447K |
| Total Expenses | $412K |
| Net Assets | $110K |
Is Vibe District Virginia Beach Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Vibe District Virginia Beach
Vibe District Virginia Beach (EIN: 471131974) is a nonprofit organization based in Virginia Bch, VA, classified under NTEE code S31. The organization reported total revenue of $447K and total assets of $177K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vibe District Virginia Beach's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vibe District Virginia Beach is a small nonprofit that has been operating for 11 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 21.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $411K |
| Total Expenses | $412K |
| Surplus / Deficit | $-225 |
| Total Assets | $180K |
| Total Liabilities | $70K |
| Net Assets | $110K |
| Operating Margin | -0.1% |
| Debt-to-Asset Ratio | 38.9% |
| Months of Reserves | 5.3 months |
Financial Health Grade: B
In 2023, Vibe District Virginia Beach reported a deficit of $225 with expenses exceeding revenue, holds 5.3 months of operating reserves (adequate), has a debt-to-asset ratio of 38.9% (moderate leverage).
Financial Trends
Over 7 years of filings (2017–2023), Vibe District Virginia Beach's revenue has grown at a compound annual growth rate (CAGR) of 21.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.0% | +13.9% | +8.6% |
| 2022 | +57.5% | +52.2% | +19.4% |
| 2021 | +19.6% | +22.5% | +1.4% |
| 2020 | -17.7% | -18.3% | +22.1% |
| 2019 | +11.9% | +10.1% | +5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Vibe District Virginia Beach 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 Vibe District Virginia Beach 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 $225, with expenses exceeding revenue.
- Debt-to-asset ratio: 38.9%.
Frequently Asked Questions about Vibe District Virginia Beach
Is Vibe District Virginia Beach a legitimate charity?
Vibe District Virginia Beach (EIN: 471131974) is a registered tax-exempt nonprofit based in Virginia. It has 7 years of IRS 990 filings on record. Total revenue: $447K. No red flags identified. Financial health grade: B.
How does Vibe District Virginia Beach spend its money?
Vibe District Virginia Beach reported $447K in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Vibe District Virginia Beach tax-deductible?
Vibe District Virginia Beach is registered as a tax-exempt nonprofit (EIN: 471131974). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Vibe District Virginia Beach located?
Vibe District Virginia Beach is headquartered in Virginia Bch, Virginia and files with the IRS under EIN 471131974. It is classified under NTEE code S31.
How many years of IRS 990 filings does Vibe District Virginia Beach have?
Vibe District Virginia Beach has 7 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 $447K in total revenue.
Filing History
IRS 990 filing history for Vibe District Virginia Beach showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Vibe District Virginia Beach's revenue has grown by 228.3%, moving from $125K to $411K. Total assets increased by 143.9% over the same period, from $74K to $180K. Total functional expenses rose by 401.4%, from $82K to $412K. In its most recent filing year (2023), Vibe District Virginia Beach reported a deficit of $225, with expenses exceeding revenue. The organization holds $70K in liabilities against $180K in assets (debt-to-asset ratio: 38.9%), resulting in net assets of $110K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $411K | $412K | $180K | $70K | — | View 990 |
| 2022 | $377K | $362K | $166K | $54K | — | View 990 |
| 2021 | $240K | $238K | $139K | $43K | — | View 990 |
| 2020 | $200K | $194K | $137K | $43K | — | View 990 |
| 2019 | $243K | $237K | $112K | $25K | — | View 990 |
| 2018 | $218K | $215K | $106K | $25K | — | View 990 |
| 2017 | $125K | $82K | $74K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $411K, expenses of $412K, and assets of $180K (revenue +9.0% year-over-year).
- 2022: Revenue of $377K, expenses of $362K, and assets of $166K (revenue +57.5% year-over-year).
- 2021: Revenue of $240K, expenses of $238K, and assets of $139K (revenue +19.6% year-over-year).
- 2020: Revenue of $200K, expenses of $194K, and assets of $137K (revenue -17.7% year-over-year).
- 2019: Revenue of $243K, expenses of $237K, and assets of $112K (revenue +11.9% year-over-year).
- 2018: Revenue of $218K, expenses of $215K, and assets of $106K (revenue +73.6% year-over-year).
- 2017: Revenue of $125K, expenses of $82K, and assets of $74K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vibe District Virginia Beach:
Data Sources and Methodology
This transparency report for Vibe District Virginia Beach 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.