Vip & Associates
EIN: 541643287 · Richmond, VA · NTEE: P80Z
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $773K |
| Net Assets | $62K |
Is Vip & Associates Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Vip & Associates
Vip & Associates (EIN: 541643287) is a nonprofit organization based in Richmond, VA, classified under NTEE code P80Z. The organization reported total revenue of $1.1M and total assets of $267K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vip & Associates's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vip & Associates is a mid-size nonprofit that has been operating for 33 years, with 15 years of IRS 990 filings on record (2009–2023). Revenue has grown at a compound annual rate of 11.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $773K |
| Total Expenses | $773K |
| Surplus / Deficit | $-545 |
| Total Assets | $291K |
| Total Liabilities | $229K |
| Net Assets | $62K |
| Operating Margin | -0.1% |
| Debt-to-Asset Ratio | 78.7% |
| Months of Reserves | 4.5 months |
Financial Health Grade: C
In 2023, Vip & Associates reported a deficit of $545 with expenses exceeding revenue, holds 4.5 months of operating reserves (adequate), has a debt-to-asset ratio of 78.7% (high leverage).
Financial Trends
Over 15 years of filings (2009–2023), Vip & Associates's revenue has grown at a compound annual growth rate (CAGR) of 11.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.3% | +34.7% | +2.3% |
| 2022 | -12.4% | -18.6% | -8.6% |
| 2021 | +50.6% | +14.0% | +26.7% |
| 2020 | -47.2% | -17.5% | -1.6% |
| 2019 | +4.8% | -3.0% | +1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Vip & Associates 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 Vip & Associates 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 $545, with expenses exceeding revenue.
- Debt-to-asset ratio: 78.7%.
Frequently Asked Questions about Vip & Associates
Is Vip & Associates a legitimate charity?
Based on AI analysis of IRS 990 filings, Vip & Associates (EIN: 541643287) insufficient data. 0 red flags identified, 0 strengths noted.
How does Vip & Associates spend its money?
Detailed spending breakdown data is not yet available for Vip & Associates. Check back for updated IRS 990 analysis.
Are donations to Vip & Associates tax-deductible?
Vip & Associates is registered as a tax-exempt nonprofit (EIN: 541643287). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Vip & Associates located?
Vip & Associates is headquartered in Richmond, Virginia and files with the IRS under EIN 541643287. It is classified under NTEE code P80Z.
How many years of IRS 990 filings does Vip & Associates have?
Vip & Associates has 15 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 $1.1M in total revenue.
Filing History
IRS 990 filing history for Vip & Associates showing financial trends over 15 years of public records:
Over 15 years of IRS 990 filings (2009–2023), Vip & Associates's revenue has grown by 367.4%, moving from $165K to $773K. Total assets increased by 73% over the same period, from $168K to $291K. Total functional expenses rose by 376%, from $162K to $773K. In its most recent filing year (2023), Vip & Associates reported a deficit of $545, with expenses exceeding revenue. The organization holds $229K in liabilities against $291K in assets (debt-to-asset ratio: 78.7%), resulting in net assets of $62K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $773K | $773K | $291K | $229K | — | View 990 |
| 2022 | $612K | $574K | $284K | $205K | — | View 990 |
| 2021 | $699K | $705K | $311K | $126K | — | View 990 |
| 2020 | $464K | $618K | $246K | $0 | — | View 990 |
| 2019 | $879K | $749K | $250K | $0 | — | — |
| 2018 | $838K | $772K | $246K | $0 | — | View 990 |
| 2017 | $598K | $556K | $250K | $19K | — | View 990 |
| 2016 | $577K | $516K | $245K | $32K | — | View 990 |
| 2015 | $602K | $529K | $251K | $45K | — | View 990 |
| 2014 | $532K | $478K | $236K | $112K | — | View 990 |
| 2013 | $375K | $350K | $235K | $147K | — | View 990 |
| 2012 | $348K | $326K | $158K | $104K | — | View 990 |
| 2011 | $327K | $321K | $157K | $146K | — | View 990 |
| 2010 | $179K | $179K | $166K | $151K | — | View 990 |
| 2009 | $165K | $162K | $168K | $154K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $773K, expenses of $773K, and assets of $291K (revenue +26.3% year-over-year).
- 2022: Revenue of $612K, expenses of $574K, and assets of $284K (revenue -12.4% year-over-year).
- 2021: Revenue of $699K, expenses of $705K, and assets of $311K (revenue +50.6% year-over-year).
- 2020: Revenue of $464K, expenses of $618K, and assets of $246K (revenue -47.2% year-over-year).
- 2019: Revenue of $879K, expenses of $749K, and assets of $250K (revenue +4.8% year-over-year).
- 2018: Revenue of $838K, expenses of $772K, and assets of $246K (revenue +40.2% year-over-year).
- 2017: Revenue of $598K, expenses of $556K, and assets of $250K (revenue +3.5% year-over-year).
- 2016: Revenue of $577K, expenses of $516K, and assets of $245K (revenue -4.0% year-over-year).
- 2015: Revenue of $602K, expenses of $529K, and assets of $251K (revenue +13.1% year-over-year).
- 2014: Revenue of $532K, expenses of $478K, and assets of $236K (revenue +42.0% year-over-year).
- 2013: Revenue of $375K, expenses of $350K, and assets of $235K (revenue +7.5% year-over-year).
- 2012: Revenue of $348K, expenses of $326K, and assets of $158K (revenue +6.7% year-over-year).
- 2011: Revenue of $327K, expenses of $321K, and assets of $157K (revenue +82.7% year-over-year).
- 2010: Revenue of $179K, expenses of $179K, and assets of $166K (revenue +8.2% year-over-year).
- 2009: Revenue of $165K, expenses of $162K, and assets of $168K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vip & Associates:
Data Sources and Methodology
This transparency report for Vip & Associates 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.