Virginia Biosciences Health Research Corporation
EIN: 461961453 · Richmond, VA · NTEE: U20
| Metric | Value |
|---|---|
| Total Revenue | $676K |
| Total Expenses | $7.9M |
| Net Assets | $15.6M |
Is Virginia Biosciences Health Research Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Virginia Biosciences Health Research Corporation
Virginia Biosciences Health Research Corporation (EIN: 461961453) is a nonprofit organization based in Richmond, VA, classified under NTEE code U20. The organization reported total revenue of $676K and total assets of $11.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Virginia Biosciences Health Research Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Virginia Biosciences Health Research Corporation is a small nonprofit that has been operating for 12 years, with 12 years of IRS 990 filings on record (2013–2024). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.9M |
| Total Expenses | $7.9M |
| Surplus / Deficit | $-31,432 |
| Total Assets | $15.8M |
| Total Liabilities | $190K |
| Net Assets | $15.6M |
| Operating Margin | -0.4% |
| Debt-to-Asset Ratio | 1.2% |
| Months of Reserves | 24.0 months |
Financial Health Grade: B
In 2024, Virginia Biosciences Health Research Corporation reported a deficit of $31K with expenses exceeding revenue, holds 24.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.2% (very low leverage).
Financial Trends
Over 12 years of filings (2013–2024), Virginia Biosciences Health Research Corporation's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +2089.3% | +144.0% | +0.1% |
| 2023 | -95.4% | +3.9% | -16.0% |
| 2022 | +47.2% | +3.1% | +34.2% |
| 2021 | -32.5% | -16.9% | +18.5% |
| 2020 | +2117.7% | -21.3% | +48.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Virginia Biosciences Health Research Corporation 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 Biosciences Health Research Corporation 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 deficit of $31K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.2%.
Frequently Asked Questions about Virginia Biosciences Health Research Corporation
Is Virginia Biosciences Health Research Corporation a legitimate charity?
Virginia Biosciences Health Research Corporation (EIN: 461961453) is a registered tax-exempt nonprofit based in Virginia. It has 12 years of IRS 990 filings on record. Total revenue: $676K. No red flags identified. Financial health grade: B.
How does Virginia Biosciences Health Research Corporation spend its money?
Virginia Biosciences Health Research Corporation reported $676K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Virginia Biosciences Health Research Corporation tax-deductible?
Virginia Biosciences Health Research Corporation is registered as a tax-exempt nonprofit (EIN: 461961453). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Virginia Biosciences Health Research Corporation located?
Virginia Biosciences Health Research Corporation is headquartered in Richmond, Virginia and files with the IRS under EIN 461961453. It is classified under NTEE code U20.
How many years of IRS 990 filings does Virginia Biosciences Health Research Corporation have?
Virginia Biosciences Health Research Corporation has 12 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 $676K in total revenue.
Filing History
IRS 990 filing history for Virginia Biosciences Health Research Corporation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2013–2024), Virginia Biosciences Health Research Corporation's revenue has grown by 42.1%, moving from $5.5M to $7.9M. Total assets increased by 194.2% over the same period, from $5.4M to $15.8M. Total functional expenses rose by 4021.3%, from $192K to $7.9M. In its most recent filing year (2024), Virginia Biosciences Health Research Corporation reported a deficit of $31K, with expenses exceeding revenue. The organization holds $190K in liabilities against $15.8M in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $15.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $7.9M | $7.9M | $15.8M | $190K | — | View 990 |
| 2023 | $360K | $3.2M | $15.8M | $148K | — | View 990 |
| 2022 | $7.8M | $3.1M | $18.8M | $266K | — | View 990 |
| 2021 | $5.3M | $3.0M | $14.0M | $153K | — | View 990 |
| 2020 | $7.9M | $3.6M | $11.8M | $236K | — | View 990 |
| 2019 | $354K | $4.6M | $8.0M | $610K | — | View 990 |
| 2018 | $7.9M | $2.7M | $12.0M | $388K | — | View 990 |
| 2017 | $4.1M | $1.5M | $6.4M | $32K | — | View 990 |
| 2016 | $2.9M | $2.7M | $3.9M | $8K | — | View 990 |
| 2015 | $2.8M | $2.1M | $4.1M | $329K | — | View 990 |
| 2014 | $0 | $2.4M | $3.0M | $57K | — | View 990 |
| 2013 | $5.5M | $192K | $5.4M | $16K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $7.9M, expenses of $7.9M, and assets of $15.8M (revenue +2089.3% year-over-year).
- 2023: Revenue of $360K, expenses of $3.2M, and assets of $15.8M (revenue -95.4% year-over-year).
- 2022: Revenue of $7.8M, expenses of $3.1M, and assets of $18.8M (revenue +47.2% year-over-year).
- 2021: Revenue of $5.3M, expenses of $3.0M, and assets of $14.0M (revenue -32.5% year-over-year).
- 2020: Revenue of $7.9M, expenses of $3.6M, and assets of $11.8M (revenue +2117.7% year-over-year).
- 2019: Revenue of $354K, expenses of $4.6M, and assets of $8.0M (revenue -95.5% year-over-year).
- 2018: Revenue of $7.9M, expenses of $2.7M, and assets of $12.0M (revenue +91.3% year-over-year).
- 2017: Revenue of $4.1M, expenses of $1.5M, and assets of $6.4M (revenue +43.9% year-over-year).
- 2016: Revenue of $2.9M, expenses of $2.7M, and assets of $3.9M (revenue +1.9% year-over-year).
- 2015: Revenue of $2.8M, expenses of $2.1M, and assets of $4.1M.
- 2014: Revenue of $0, expenses of $2.4M, and assets of $3.0M (revenue -100.0% year-over-year).
- 2013: Revenue of $5.5M, expenses of $192K, and assets of $5.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Virginia Biosciences Health Research Corporation:
Data Sources and Methodology
This transparency report for Virginia Biosciences Health Research Corporation 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.