Virginia Basketball Academy Foundation
Virginia Basketball Academy Foundation frequently operates at a deficit but maintains low liabilities and no reported officer compensation.
EIN: 208861885 · Charlottesvle, VA · NTEE: N62 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $647K |
| Total Expenses | $626K |
| Program Spending | 85% |
| Net Assets | $79K |
| Transparency Score | 75/100 |
Is Virginia Basketball Academy Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Virginia Basketball Academy Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Virginia Basketball Academy Foundation
Virginia Basketball Academy Foundation (EIN: 208861885) is a nonprofit organization based in Charlottesvle, VA, classified under NTEE code N62. The organization reported total revenue of $647K and total assets of $82K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Virginia Basketball Academy Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Virginia Basketball Academy Foundation is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $560K |
| Total Expenses | $626K |
| Surplus / Deficit | $-66,090 |
| Total Assets | $79K |
| Net Assets | $79K |
| Operating Margin | -11.8% |
| Months of Reserves | 1.5 months |
Financial Health Grade: C
In 2023, Virginia Basketball Academy Foundation reported a deficit of $66K with expenses exceeding revenue, holds 1.5 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Virginia Basketball Academy Foundation's revenue has grown at a compound annual growth rate (CAGR) of 8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.0% | +10.9% | -45.4% |
| 2022 | -11.0% | +58.5% | -30.7% |
| 2021 | +22.2% | -19.7% | +325.0% |
| 2020 | -19.0% | -23.2% | — |
| 2019 | +1.7% | +1.2% | — |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Virginia Basketball Academy Foundation with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Virginia Basketball Academy Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $66K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through non-officer categories, which is a strong positive for donor perception of efficiency.
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 Virginia Basketball Academy Foundation's IRS 990 filings:
- Consistent operational deficits (e.g., $66,090 deficit in 2023, $64,305 deficit in 2022)
- Declining asset base in recent years (from $209,780 in 2021 to $79,385 in 2023)
Strengths
The following positive indicators were identified for Virginia Basketball Academy Foundation:
- Consistent 0% officer compensation reported across all filings
- Long history of IRS 990 filings (13 filings), indicating transparency and compliance
- Consistently low or zero liabilities, suggesting good debt management
- Stable revenue generation, generally above $450,000 annually
Frequently Asked Questions about Virginia Basketball Academy Foundation
Is Virginia Basketball Academy Foundation a legitimate charity?
Virginia Basketball Academy Foundation (EIN: 208861885) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $647K. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Virginia Basketball Academy Foundation spend its money?
Virginia Basketball Academy Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Virginia Basketball Academy Foundation tax-deductible?
Virginia Basketball Academy Foundation is registered as a tax-exempt nonprofit (EIN: 208861885). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Virginia Basketball Academy Foundation's spending goes to programs?
Virginia Basketball Academy Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Virginia Basketball Academy Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Virginia Basketball Academy Foundation is above average for NTEE category N62 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Virginia Basketball Academy Foundation located?
Virginia Basketball Academy Foundation is headquartered in Charlottesvle, Virginia and files with the IRS under EIN 208861885. It is classified under NTEE code N62.
How many years of IRS 990 filings does Virginia Basketball Academy Foundation have?
Virginia Basketball Academy Foundation 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 $647K in total revenue.
Is Virginia Basketball Academy Foundation financially stable given its recurring deficits?
The organization frequently reports expenses exceeding revenue, such as in 2023 ($625,962 expenses vs. $559,872 revenue). While this suggests potential instability, its long operational history and low liabilities ($0 in 2023) indicate it manages to sustain operations, possibly through careful cash flow management or other funding not immediately apparent.
How does the lack of officer compensation impact the organization?
The consistent reporting of 0% officer compensation is a significant strength, suggesting that leadership is volunteer-based or compensated through other means. This can enhance donor trust and indicates a high degree of administrative efficiency, allowing more funds to be directed towards programs.
What is the trend in the organization's assets?
Assets have fluctuated, from $209,780 in 2021 down to $79,385 in 2023. While there's been a recent decline, the organization generally maintains a modest asset base, indicating a lean operational model rather than significant asset accumulation.
Filing History
IRS 990 filing history for Virginia Basketball Academy Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Virginia Basketball Academy Foundation's revenue has grown by 161.7%, moving from $214K to $560K. Total assets increased by 109.7% over the same period, from $38K to $79K. Total functional expenses rose by 192.8%, from $214K to $626K. In its most recent filing year (2023), Virginia Basketball Academy Foundation reported a deficit of $66K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $560K | $626K | $79K | $0 | — | — |
| 2022 | $500K | $564K | $145K | $0 | — | View 990 |
| 2021 | $562K | $356K | $210K | $0 | — | — |
| 2020 | $460K | $443K | $49K | $46K | — | View 990 |
| 2019 | $568K | $577K | $0 | $13K | — | View 990 |
| 2018 | $558K | $570K | $0 | $4K | — | View 990 |
| 2017 | $524K | $564K | $8K | $0 | — | View 990 |
| 2016 | $521K | $539K | $48K | $628 | — | View 990 |
| 2015 | $464K | $449K | $66K | $334 | — | View 990 |
| 2014 | $350K | $345K | $51K | $429 | — | View 990 |
| 2013 | $99K | $138K | $46K | $1K | — | View 990 |
| 2012 | $300K | $255K | $84K | $0 | — | View 990 |
| 2011 | $214K | $214K | $38K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $560K, expenses of $626K, and assets of $79K (revenue +12.0% year-over-year).
- 2022: Revenue of $500K, expenses of $564K, and assets of $145K (revenue -11.0% year-over-year).
- 2021: Revenue of $562K, expenses of $356K, and assets of $210K (revenue +22.2% year-over-year).
- 2020: Revenue of $460K, expenses of $443K, and assets of $49K (revenue -19.0% year-over-year).
- 2019: Revenue of $568K, expenses of $577K, and assets of $0 (revenue +1.7% year-over-year).
- 2018: Revenue of $558K, expenses of $570K, and assets of $0 (revenue +6.4% year-over-year).
- 2017: Revenue of $524K, expenses of $564K, and assets of $8K (revenue +0.7% year-over-year).
- 2016: Revenue of $521K, expenses of $539K, and assets of $48K (revenue +12.1% year-over-year).
- 2015: Revenue of $464K, expenses of $449K, and assets of $66K (revenue +32.6% year-over-year).
- 2014: Revenue of $350K, expenses of $345K, and assets of $51K (revenue +253.2% year-over-year).
- 2013: Revenue of $99K, expenses of $138K, and assets of $46K (revenue -67.0% year-over-year).
- 2012: Revenue of $300K, expenses of $255K, and assets of $84K (revenue +40.4% year-over-year).
- 2011: Revenue of $214K, expenses of $214K, and assets of $38K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Virginia Basketball Academy Foundation:
Data Sources and Methodology
This transparency report for Virginia Basketball Academy 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.