Victor B Cohen Foundation
EIN: 813065978 · Las Vegas, NV · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $40K |
| Total Expenses | $56K |
| Net Assets | $-15,744 |
Is Victor B Cohen Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Victor B Cohen Foundation
Victor B Cohen Foundation (EIN: 813065978) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code O50. The organization reported total revenue of $40K and total assets of $176 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Victor B Cohen Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Victor B Cohen Foundation is a micro nonprofit that has been operating for 5 years, with 2 years of IRS 990 filings on record (2020–2021). Revenue has grown at a compound annual rate of 407.6%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $40K |
| Total Expenses | $56K |
| Surplus / Deficit | $-16,710 |
| Total Assets | $176 |
| Total Liabilities | $16K |
| Net Assets | $-15,744 |
| Operating Margin | -42.2% |
| Debt-to-Asset Ratio | 9045.5% |
| Months of Reserves | 0.0 months |
Financial Health Grade: D
In 2021, Victor B Cohen Foundation reported a deficit of $17K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited), has a debt-to-asset ratio of 9045.5% (high leverage).
Financial Trends
Over 2 years of filings (2020–2021), Victor B Cohen Foundation's revenue has grown at a compound annual growth rate (CAGR) of 407.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +407.6% | +17.9% | -81.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Victor B Cohen Foundation 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 Victor B Cohen Foundation 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $17K, with expenses exceeding revenue.
- Debt-to-asset ratio: 9045.5%.
Frequently Asked Questions about Victor B Cohen Foundation
Is Victor B Cohen Foundation a legitimate charity?
Victor B Cohen Foundation (EIN: 813065978) is a registered tax-exempt nonprofit based in Nevada. It has 2 years of IRS 990 filings on record. Total revenue: $40K. No red flags identified. Financial health grade: D.
How does Victor B Cohen Foundation spend its money?
Victor B Cohen Foundation reported $40K in total revenue in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Victor B Cohen Foundation tax-deductible?
Victor B Cohen Foundation is registered as a tax-exempt nonprofit (EIN: 813065978). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Victor B Cohen Foundation located?
Victor B Cohen Foundation is headquartered in Las Vegas, Nevada and files with the IRS under EIN 813065978. It is classified under NTEE code O50.
How many years of IRS 990 filings does Victor B Cohen Foundation have?
Victor B Cohen Foundation has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $40K in total revenue.
Filing History
IRS 990 filing history for Victor B Cohen Foundation showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2020–2021), Victor B Cohen Foundation's revenue has grown by 407.6%, moving from $8K to $40K. Total assets decreased by 81.8% over the same period, from $966 to $176. Total functional expenses rose by 17.9%, from $48K to $56K. In its most recent filing year (2021), Victor B Cohen Foundation reported a deficit of $17K, with expenses exceeding revenue. The organization holds $16K in liabilities against $176 in assets (debt-to-asset ratio: 9045.5%), resulting in net assets of $-15,744.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $40K | $56K | $176 | $16K | — | — |
| 2020 | $8K | $48K | $966 | $41K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Victor B Cohen Foundation:
Data Sources and Methodology
This transparency report for Victor B Cohen 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.