Virginia African American Cultural Center
EIN: 475250120 · Virginia Bch, VA · NTEE: A54
| Metric | Value |
|---|---|
| Total Revenue | $507K |
| Total Expenses | $692K |
| Net Assets | $175K |
Is Virginia African American Cultural Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Virginia African American Cultural Center
Virginia African American Cultural Center (EIN: 475250120) is a nonprofit organization based in Virginia Bch, VA, classified under NTEE code A54. The organization reported total revenue of $507K and total assets of $266K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Virginia African American Cultural Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Virginia African American Cultural Center is a small nonprofit that has been operating for 10 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 75.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $531K |
| Total Expenses | $692K |
| Surplus / Deficit | $-160,786 |
| Total Assets | $179K |
| Total Liabilities | $3K |
| Net Assets | $175K |
| Operating Margin | -30.3% |
| Debt-to-Asset Ratio | 1.8% |
| Months of Reserves | 3.1 months |
Financial Health Grade: B
In 2023, Virginia African American Cultural Center reported a deficit of $161K with expenses exceeding revenue, holds 3.1 months of operating reserves (adequate), has a debt-to-asset ratio of 1.8% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), Virginia African American Cultural Center's revenue has grown at a compound annual growth rate (CAGR) of 75.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.2% | +88.9% | -47.1% |
| 2022 | +269.8% | +424.1% | +93.0% |
| 2021 | +47.0% | +60.4% | +84.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Virginia African American Cultural Center 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 Virginia African American Cultural Center 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 $161K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.8%.
Frequently Asked Questions about Virginia African American Cultural Center
Is Virginia African American Cultural Center a legitimate charity?
Virginia African American Cultural Center (EIN: 475250120) is a registered tax-exempt nonprofit based in Virginia. It has 4 years of IRS 990 filings on record. Total revenue: $507K. No red flags identified. Financial health grade: B.
How does Virginia African American Cultural Center spend its money?
Virginia African American Cultural Center reported $507K in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Virginia African American Cultural Center tax-deductible?
Virginia African American Cultural Center is registered as a tax-exempt nonprofit (EIN: 475250120). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Virginia African American Cultural Center located?
Virginia African American Cultural Center is headquartered in Virginia Bch, Virginia and files with the IRS under EIN 475250120. It is classified under NTEE code A54.
How many years of IRS 990 filings does Virginia African American Cultural Center have?
Virginia African American Cultural Center has 4 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 $507K in total revenue.
Filing History
IRS 990 filing history for Virginia African American Cultural Center showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Virginia African American Cultural Center's revenue has grown by 442.3%, moving from $98K to $531K. Total assets increased by 88.4% over the same period, from $95K to $179K. Total functional expenses rose by 1488%, from $44K to $692K. In its most recent filing year (2023), Virginia African American Cultural Center reported a deficit of $161K, with expenses exceeding revenue. The organization holds $3K in liabilities against $179K in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $175K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $531K | $692K | $179K | $3K | — | View 990 |
| 2022 | $533K | $366K | $338K | $2K | — | — |
| 2021 | $144K | $70K | $175K | $5K | — | View 990 |
| 2020 | $98K | $44K | $95K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $531K, expenses of $692K, and assets of $179K (revenue -0.2% year-over-year).
- 2022: Revenue of $533K, expenses of $366K, and assets of $338K (revenue +269.8% year-over-year).
- 2021: Revenue of $144K, expenses of $70K, and assets of $175K (revenue +47.0% year-over-year).
- 2020: Revenue of $98K, expenses of $44K, and assets of $95K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Virginia African American Cultural Center:
Data Sources and Methodology
This transparency report for Virginia African American Cultural Center 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.