Village Foundation Inc
Village Foundation Inc. consistently operates at a deficit, drawing down assets to cover expenses.
EIN: 205896271 · Greenville, SC · NTEE: P80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11K |
| Total Expenses | $7K |
| Program Spending | 80% |
| Net Assets | $216K |
| Transparency Score | 65/100 |
Is Village Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Village Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Village Foundation Inc
Village Foundation Inc (EIN: 205896271) is a nonprofit organization based in Greenville, SC, classified under NTEE code P80. The organization reported total revenue of $11K and total assets of $230K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Village Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Village Foundation Inc is a micro nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3K |
| Total Expenses | $7K |
| Surplus / Deficit | $-4,405 |
| Total Assets | $216K |
| Net Assets | $216K |
| Operating Margin | -153.8% |
| Months of Reserves | 356.5 months |
Financial Health Grade: B
In 2023, Village Foundation Inc reported a deficit of $4K with expenses exceeding revenue, holds 356.5 months of operating reserves (strong position).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +71.5% | -5.3% | -2.0% |
| 2022 | -45.4% | +645.4% | -2.7% |
| 2021 | -28.4% | -88.4% | +0.9% |
| 2020 | -81.2% | -20.8% | -2.0% |
| 2019 | +664.5% | +67.4% | +5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Village Foundation Inc with a Mission Score of 65 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, Village 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 $4K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% of expenses across all filings, indicating that no officers receive salaries from the organization, which is highly favorable for a nonprofit of this 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.
Red Flags
The following concerns were identified during AI analysis of Village Foundation Inc's IRS 990 filings:
- Consistent operational deficits, with expenses frequently exceeding revenue (e.g., 2023: $2,864 revenue vs. $7,269 expenses).
- Declining asset base over time, from $245,532 in 2014 to $215,945 in 2023, indicating reliance on reserves.
- Negative revenue reported in some periods (e.g., 2015: $-1,063; 2014: $-12,929), which could indicate significant returns or adjustments.
Strengths
The following positive indicators were identified for Village Foundation Inc:
- Zero officer compensation reported across all filings, indicating efficient use of funds and strong transparency regarding executive pay.
- Consistently reports zero liabilities, suggesting sound financial management and no outstanding debt.
- Maintains a substantial asset base relative to its annual revenue and expenses, providing some financial cushion.
Frequently Asked Questions about Village Foundation Inc
Is Village Foundation Inc a legitimate charity?
Village Foundation Inc (EIN: 205896271) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $11K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Village Foundation Inc spend its money?
Village Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Village Foundation Inc tax-deductible?
Village Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205896271). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Village Foundation Inc's spending goes to programs?
Village Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Village Foundation Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Village Foundation Inc is above average for NTEE category P80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Village Foundation Inc located?
Village Foundation Inc is headquartered in Greenville, South Carolina and files with the IRS under EIN 205896271. It is classified under NTEE code P80.
How many years of IRS 990 filings does Village Foundation Inc have?
Village Foundation Inc 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 $11K in total revenue.
How does Village Foundation Inc. sustain its operations with consistent revenue deficits?
The organization appears to sustain operations by drawing down its asset base, which has decreased from $245,532 in 2014 to $215,945 in 2023, rather than through consistent revenue generation to cover expenses.
What are the specific program activities funded by Village Foundation Inc.?
Based on the NTEE code P80 (Housing, Shelter), the organization likely focuses on housing and shelter-related programs, but specific details are not available in the provided financial summary.
What is the long-term strategy for revenue generation to achieve financial sustainability?
The provided data does not detail specific revenue generation strategies, but the consistent deficits suggest a need for a more robust and sustainable funding model to avoid further asset depletion.
Filing History
IRS 990 filing history for Village Foundation Inc showing financial trends over 13 years of public records:
Total assets increased by 274.7% over the same period, from $58K to $216K. Total functional expenses fell by 10.6%, from $8K to $7K. In its most recent filing year (2023), Village Foundation Inc reported a deficit of $4K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3K | $7K | $216K | $0 | — | View 990 |
| 2022 | $2K | $8K | $220K | $0 | — | — |
| 2021 | $3K | $1K | $226K | $0 | — | — |
| 2020 | $4K | $9K | $224K | $0 | — | — |
| 2019 | $23K | $11K | $229K | $0 | — | View 990 |
| 2018 | $3K | $7K | $218K | $0 | — | View 990 |
| 2017 | $5K | $7K | $221K | $0 | — | View 990 |
| 2016 | $5K | $7K | $224K | $0 | — | View 990 |
| 2015 | $-1,063 | $19K | $226K | $0 | — | View 990 |
| 2014 | $-12,929 | $19K | $246K | $0 | — | View 990 |
| 2013 | $246K | $15K | $278K | $0 | — | View 990 |
| 2012 | $380 | $11K | $47K | $0 | — | View 990 |
| 2011 | $-8,788 | $8K | $58K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3K, expenses of $7K, and assets of $216K (revenue +71.5% year-over-year).
- 2022: Revenue of $2K, expenses of $8K, and assets of $220K (revenue -45.4% year-over-year).
- 2021: Revenue of $3K, expenses of $1K, and assets of $226K (revenue -28.4% year-over-year).
- 2020: Revenue of $4K, expenses of $9K, and assets of $224K (revenue -81.2% year-over-year).
- 2019: Revenue of $23K, expenses of $11K, and assets of $229K (revenue +664.5% year-over-year).
- 2018: Revenue of $3K, expenses of $7K, and assets of $218K (revenue -35.4% year-over-year).
- 2017: Revenue of $5K, expenses of $7K, and assets of $221K (revenue -11.4% year-over-year).
- 2016: Revenue of $5K, expenses of $7K, and assets of $224K.
- 2015: Revenue of $-1,063, expenses of $19K, and assets of $226K.
- 2014: Revenue of $-12,929, expenses of $19K, and assets of $246K (revenue -105.3% year-over-year).
- 2013: Revenue of $246K, expenses of $15K, and assets of $278K (revenue +64624.7% year-over-year).
- 2012: Revenue of $380, expenses of $11K, and assets of $47K.
- 2011: Revenue of $-8,788, expenses of $8K, and assets of $58K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Village Foundation Inc:
Data Sources and Methodology
This transparency report for Village 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.