Virginia Beach Bar Association
EIN: 541632503 · Virginia Bch, VA
| Metric | Value |
|---|---|
| Total Revenue | $178K |
| Total Expenses | $134K |
| Net Assets | $157K |
Is Virginia Beach Bar Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Virginia Beach Bar Association
Virginia Beach Bar Association (EIN: 541632503) is a nonprofit organization based in Virginia Bch, VA. The organization reported total revenue of $178K and total assets of $144K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Virginia Beach Bar Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Virginia Beach Bar Association is a small nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $133K |
| Total Expenses | $134K |
| Surplus / Deficit | $-770 |
| Total Assets | $157K |
| Net Assets | $157K |
| Operating Margin | -0.6% |
| Months of Reserves | 14.1 months |
Financial Health Grade: B
In 2023, Virginia Beach Bar Association reported a deficit of $770 with expenses exceeding revenue, holds 14.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Virginia Beach Bar Association's revenue has grown at a compound annual growth rate (CAGR) of 10.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.7% | -28.9% | -0.5% |
| 2022 | +15.2% | +37.4% | -13.5% |
| 2021 | +43.5% | +93.2% | +2.8% |
| 2020 | -28.7% | -57.7% | +18.8% |
| 2019 | -10.7% | +35.8% | -16.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Virginia Beach Bar Association 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 Beach Bar Association 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 $770, with expenses exceeding revenue.
Frequently Asked Questions about Virginia Beach Bar Association
Is Virginia Beach Bar Association a legitimate charity?
Virginia Beach Bar Association (EIN: 541632503) is a registered tax-exempt nonprofit based in Virginia. It has 13 years of IRS 990 filings on record. Total revenue: $178K. No red flags identified. Financial health grade: B.
How does Virginia Beach Bar Association spend its money?
Virginia Beach Bar Association reported $178K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Virginia Beach Bar Association tax-deductible?
Virginia Beach Bar Association is registered as a tax-exempt nonprofit (EIN: 541632503). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Virginia Beach Bar Association located?
Virginia Beach Bar Association is headquartered in Virginia Bch, Virginia and files with the IRS under EIN 541632503.
How many years of IRS 990 filings does Virginia Beach Bar Association have?
Virginia Beach Bar Association 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 $178K in total revenue.
Filing History
IRS 990 filing history for Virginia Beach Bar Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Virginia Beach Bar Association's revenue has grown by 228.2%, moving from $41K to $133K. Total assets increased by 89.1% over the same period, from $83K to $157K. Total functional expenses rose by 121.9%, from $60K to $134K. In its most recent filing year (2023), Virginia Beach Bar Association reported a deficit of $770, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $133K | $134K | $157K | $0 | — | — |
| 2022 | $164K | $188K | $158K | $0 | — | View 990 |
| 2021 | $142K | $137K | $183K | $0 | — | View 990 |
| 2020 | $99K | $71K | $178K | $0 | — | — |
| 2019 | $139K | $168K | $150K | $0 | — | View 990 |
| 2018 | $155K | $123K | $178K | $0 | — | View 990 |
| 2017 | $101K | $123K | $146K | $0 | — | View 990 |
| 2016 | $147K | $117K | $168K | $0 | — | View 990 |
| 2015 | $122K | $153K | $138K | $0 | — | View 990 |
| 2014 | $120K | $114K | $168K | $0 | — | View 990 |
| 2013 | $155K | $123K | $162K | $0 | — | View 990 |
| 2012 | $105K | $58K | $131K | $0 | — | View 990 |
| 2011 | $41K | $60K | $83K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $133K, expenses of $134K, and assets of $157K (revenue -18.7% year-over-year).
- 2022: Revenue of $164K, expenses of $188K, and assets of $158K (revenue +15.2% year-over-year).
- 2021: Revenue of $142K, expenses of $137K, and assets of $183K (revenue +43.5% year-over-year).
- 2020: Revenue of $99K, expenses of $71K, and assets of $178K (revenue -28.7% year-over-year).
- 2019: Revenue of $139K, expenses of $168K, and assets of $150K (revenue -10.7% year-over-year).
- 2018: Revenue of $155K, expenses of $123K, and assets of $178K (revenue +53.8% year-over-year).
- 2017: Revenue of $101K, expenses of $123K, and assets of $146K (revenue -31.4% year-over-year).
- 2016: Revenue of $147K, expenses of $117K, and assets of $168K (revenue +20.3% year-over-year).
- 2015: Revenue of $122K, expenses of $153K, and assets of $138K (revenue +2.0% year-over-year).
- 2014: Revenue of $120K, expenses of $114K, and assets of $168K (revenue -22.4% year-over-year).
- 2013: Revenue of $155K, expenses of $123K, and assets of $162K (revenue +47.2% year-over-year).
- 2012: Revenue of $105K, expenses of $58K, and assets of $131K (revenue +159.3% year-over-year).
- 2011: Revenue of $41K, expenses of $60K, and assets of $83K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Virginia Beach Bar Association:
Data Sources and Methodology
This transparency report for Virginia Beach Bar Association 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.