Virginia Agribusiness Council
EIN: 540898392 · Quinton, VA
| Metric | Value |
|---|---|
| Total Revenue | $513K |
| Total Expenses | $492K |
| Net Assets | $194K |
Is Virginia Agribusiness Council Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Virginia Agribusiness Council
Virginia Agribusiness Council (EIN: 540898392) is a nonprofit organization based in Quinton, VA. The organization reported total revenue of $513K and total assets of $416K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Virginia Agribusiness Council's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Virginia Agribusiness Council is a small nonprofit that has been operating for 54 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $501K |
| Total Expenses | $492K |
| Surplus / Deficit | +$9K |
| Total Assets | $369K |
| Total Liabilities | $175K |
| Net Assets | $194K |
| Operating Margin | 1.8% |
| Debt-to-Asset Ratio | 47.4% |
| Months of Reserves | 9.0 months |
Financial Health Grade: A
In 2024, Virginia Agribusiness Council reported a surplus of $9K with revenue exceeding expenses, holds 9.0 months of operating reserves (strong position), has a debt-to-asset ratio of 47.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2024), Virginia Agribusiness Council's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +4.1% | -3.6% | +5.0% |
| 2023 | +14.5% | +3.5% | +13.8% |
| 2022 | +6.6% | +44.0% | -27.1% |
| 2021 | -9.8% | -21.9% | +23.8% |
| 2020 | +-0.0% | +3.7% | -3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1972 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Virginia Agribusiness Council 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 Agribusiness Council 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $9K, with revenue exceeding expenses.
- Debt-to-asset ratio: 47.4%.
Frequently Asked Questions about Virginia Agribusiness Council
Is Virginia Agribusiness Council a legitimate charity?
Virginia Agribusiness Council (EIN: 540898392) is a registered tax-exempt nonprofit based in Virginia. It has 13 years of IRS 990 filings on record. Total revenue: $513K. No red flags identified. Financial health grade: A.
How does Virginia Agribusiness Council spend its money?
Virginia Agribusiness Council reported $513K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Virginia Agribusiness Council tax-deductible?
Virginia Agribusiness Council is registered as a tax-exempt nonprofit (EIN: 540898392). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Virginia Agribusiness Council located?
Virginia Agribusiness Council is headquartered in Quinton, Virginia and files with the IRS under EIN 540898392.
How many years of IRS 990 filings does Virginia Agribusiness Council have?
Virginia Agribusiness Council 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 $513K in total revenue.
Filing History
IRS 990 filing history for Virginia Agribusiness Council showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Virginia Agribusiness Council's revenue has grown by 36.3%, moving from $368K to $501K. Total assets increased by 20.6% over the same period, from $306K to $369K. Total functional expenses rose by 29.8%, from $379K to $492K. In its most recent filing year (2024), Virginia Agribusiness Council reported a surplus of $9K, with revenue exceeding expenses. The organization holds $175K in liabilities against $369K in assets (debt-to-asset ratio: 47.4%), resulting in net assets of $194K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $501K | $492K | $369K | $175K | — | — |
| 2023 | $481K | $510K | $351K | $183K | — | — |
| 2022 | $420K | $493K | $309K | $126K | — | View 990 |
| 2021 | $394K | $342K | $423K | $127K | — | View 990 |
| 2020 | $437K | $438K | $342K | $25K | — | — |
| 2019 | $438K | $423K | $353K | $27K | — | View 990 |
| 2018 | $463K | $481K | $334K | $14K | — | View 990 |
| 2017 | $437K | $467K | $360K | $29K | — | View 990 |
| 2016 | $442K | $460K | $367K | $26K | — | View 990 |
| 2015 | $437K | $415K | $397K | $25K | — | View 990 |
| 2014 | $408K | $390K | $378K | $18K | — | View 990 |
| 2013 | $394K | $376K | $341K | $17K | — | View 990 |
| 2012 | $368K | $379K | $306K | $16K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $501K, expenses of $492K, and assets of $369K (revenue +4.1% year-over-year).
- 2023: Revenue of $481K, expenses of $510K, and assets of $351K (revenue +14.5% year-over-year).
- 2022: Revenue of $420K, expenses of $493K, and assets of $309K (revenue +6.6% year-over-year).
- 2021: Revenue of $394K, expenses of $342K, and assets of $423K (revenue -9.8% year-over-year).
- 2020: Revenue of $437K, expenses of $438K, and assets of $342K (revenue +-0.0% year-over-year).
- 2019: Revenue of $438K, expenses of $423K, and assets of $353K (revenue -5.5% year-over-year).
- 2018: Revenue of $463K, expenses of $481K, and assets of $334K (revenue +6.0% year-over-year).
- 2017: Revenue of $437K, expenses of $467K, and assets of $360K (revenue -1.2% year-over-year).
- 2016: Revenue of $442K, expenses of $460K, and assets of $367K (revenue +1.3% year-over-year).
- 2015: Revenue of $437K, expenses of $415K, and assets of $397K (revenue +7.1% year-over-year).
- 2014: Revenue of $408K, expenses of $390K, and assets of $378K (revenue +3.5% year-over-year).
- 2013: Revenue of $394K, expenses of $376K, and assets of $341K (revenue +7.2% year-over-year).
- 2012: Revenue of $368K, expenses of $379K, and assets of $306K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Virginia Agribusiness Council:
Data Sources and Methodology
This transparency report for Virginia Agribusiness Council 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.