Virginia Center For Health Innovation
EIN: 800796077 · Midlothian, VA · NTEE: E05
Is Virginia Center For Health Innovation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Virginia Center For Health Innovation
Virginia Center For Health Innovation (EIN: 800796077) is a nonprofit organization based in Midlothian, VA, classified under NTEE code E05. The organization reported total revenue of $1.4M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Virginia Center For Health Innovation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Virginia Center For Health Innovation is a mid-size nonprofit that has been operating for 13 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $953K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-192,698 |
| Total Assets | $1.4M |
| Total Liabilities | $369K |
| Net Assets | $992K |
| Operating Margin | -20.2% |
| Debt-to-Asset Ratio | 27.1% |
| Months of Reserves | 14.3 months |
Financial Health Grade: B
In 2023, Virginia Center For Health Innovation reported a deficit of $193K with expenses exceeding revenue, holds 14.3 months of operating reserves (strong position), has a debt-to-asset ratio of 27.1% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Virginia Center For Health Innovation's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.7% | -0.4% | -4.8% |
| 2022 | -21.1% | -12.0% | -5.9% |
| 2021 | -14.6% | +7.2% | +7.5% |
| 2020 | +55.4% | +46.8% | +41.0% |
| 2019 | +13.3% | -9.3% | +17.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Virginia Center For Health Innovation 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 Center For Health Innovation 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 $193K, with expenses exceeding revenue.
- Debt-to-asset ratio: 27.1%.
Frequently Asked Questions about Virginia Center For Health Innovation
Is Virginia Center For Health Innovation a legitimate charity?
Based on AI analysis of IRS 990 filings, Virginia Center For Health Innovation (EIN: 800796077) insufficient data. 0 red flags identified, 0 strengths noted.
How does Virginia Center For Health Innovation spend its money?
Detailed spending breakdown data is not yet available for Virginia Center For Health Innovation. Check back for updated IRS 990 analysis.
Are donations to Virginia Center For Health Innovation tax-deductible?
Virginia Center For Health Innovation is registered as a tax-exempt nonprofit (EIN: 800796077). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Virginia Center For Health Innovation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Virginia Center For Health Innovation's revenue has grown by 35.6%, moving from $703K to $953K. Total assets increased by 198.4% over the same period, from $456K to $1.4M. Total functional expenses rose by 230.9%, from $346K to $1.1M. In its most recent filing year (2023), Virginia Center For Health Innovation reported a deficit of $193K, with expenses exceeding revenue. The organization holds $369K in liabilities against $1.4M in assets (debt-to-asset ratio: 27.1%), resulting in net assets of $992K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $953K | $1.1M | $1.4M | $369K | — | View 990 |
| 2022 | $1.1M | $1.2M | $1.4M | $285K | — | View 990 |
| 2021 | $1.3M | $1.3M | $1.5M | $191K | — | View 990 |
| 2020 | $1.6M | $1.2M | $1.4M | $117K | — | View 990 |
| 2019 | $1.0M | $831K | $1.0M | $50K | — | View 990 |
| 2018 | $889K | $916K | $854K | $78K | — | View 990 |
| 2017 | $1.0M | $894K | $829K | $24K | — | View 990 |
| 2016 | $1.6M | $1.7M | $722K | $39K | — | View 990 |
| 2015 | $2.0M | $2.0M | $801K | $33K | — | View 990 |
| 2014 | $584K | $630K | $814K | $31K | — | View 990 |
| 2013 | $1.1M | $768K | $885K | $56K | — | View 990 |
| 2012 | $703K | $346K | $456K | $17K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $953K, expenses of $1.1M, and assets of $1.4M (revenue -9.7% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.2M, and assets of $1.4M (revenue -21.1% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.3M, and assets of $1.5M (revenue -14.6% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.2M, and assets of $1.4M (revenue +55.4% year-over-year).
- 2019: Revenue of $1.0M, expenses of $831K, and assets of $1.0M (revenue +13.3% year-over-year).
- 2018: Revenue of $889K, expenses of $916K, and assets of $854K (revenue -12.5% year-over-year).
- 2017: Revenue of $1.0M, expenses of $894K, and assets of $829K (revenue -37.4% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.7M, and assets of $722K (revenue -19.2% year-over-year).
- 2015: Revenue of $2.0M, expenses of $2.0M, and assets of $801K (revenue +244.2% year-over-year).
- 2014: Revenue of $584K, expenses of $630K, and assets of $814K (revenue -48.5% year-over-year).
- 2013: Revenue of $1.1M, expenses of $768K, and assets of $885K (revenue +61.2% year-over-year).
- 2012: Revenue of $703K, expenses of $346K, and assets of $456K.
Data Sources and Methodology
This transparency report for Virginia Center For Health Innovation 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.