Virginia Goodwill Network
Virginia Goodwill Network maintains stable assets with fluctuating revenues and no reported officer compensation.
EIN: 141993959 · Washington, DC · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $107K |
| Total Expenses | $108K |
| Program Spending | 80% |
| Net Assets | $59K |
| Transparency Score | 85/100 |
Is Virginia Goodwill Network Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Virginia Goodwill Network directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Virginia Goodwill Network
Virginia Goodwill Network (EIN: 141993959) is a nonprofit organization based in Washington, DC, classified under NTEE code T30. The organization reported total revenue of $107K and total assets of $64K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Virginia Goodwill Network's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Virginia Goodwill Network is a small nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2010–2019). Revenue has grown at a compound annual rate of -4.6%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $107K |
| Total Expenses | $108K |
| Surplus / Deficit | $-1,167 |
| Total Assets | $64K |
| Total Liabilities | $5K |
| Net Assets | $59K |
| Operating Margin | -1.1% |
| Debt-to-Asset Ratio | 8.5% |
| Months of Reserves | 7.1 months |
Financial Health Grade: B
In 2019, Virginia Goodwill Network reported a deficit of $1K with expenses exceeding revenue, holds 7.1 months of operating reserves (strong position), has a debt-to-asset ratio of 8.5% (very low leverage).
Financial Trends
Over 10 years of filings (2010–2019), Virginia Goodwill Network's revenue has declined at a compound annual growth rate (CAGR) of -4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -52.0% | +4.1% | +6.9% |
| 2018 | +89.3% | +11.2% | +14.5% |
| 2017 | +3.7% | -3.1% | +86.5% |
| 2016 | -2.5% | -15.0% | +393.6% |
| 2015 | +1.4% | -18.6% | +116.5% |
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 Goodwill Network with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Virginia Goodwill Network allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either unpaid volunteers or compensated through an affiliated entity, which significantly reduces administrative overhead for this specific organization.
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 Goodwill Network's IRS 990 filings:
- Revenue volatility year-over-year (e.g., $222,264 in 2018 down to $106,684 in 2019)
- Slight operational deficit in the latest filing (expenses $107,851 exceeding revenue $106,684 in 2019)
Strengths
The following positive indicators were identified for Virginia Goodwill Network:
- Consistent growth in assets over the past decade, reaching $64,133 in 2019
- Very low liabilities ($5,421 in 2019), indicating minimal debt burden
- No reported officer compensation across all filings, suggesting high efficiency in this area
- Long history of IRS 990 filings (10 filings), demonstrating transparency
Frequently Asked Questions about Virginia Goodwill Network
Is Virginia Goodwill Network a legitimate charity?
Virginia Goodwill Network (EIN: 141993959) is a registered tax-exempt nonprofit based in Washington DC. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $107K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Virginia Goodwill Network spend its money?
Virginia Goodwill Network directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Virginia Goodwill Network tax-deductible?
Virginia Goodwill Network is registered as a tax-exempt nonprofit (EIN: 141993959). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Virginia Goodwill Network's spending goes to programs?
Virginia Goodwill Network directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Virginia Goodwill Network compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Virginia Goodwill Network is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Virginia Goodwill Network located?
Virginia Goodwill Network is headquartered in Washington, Washington DC and files with the IRS under EIN 141993959. It is classified under NTEE code T30.
How many years of IRS 990 filings does Virginia Goodwill Network have?
Virginia Goodwill Network has 10 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 $107K in total revenue.
Is Virginia Goodwill Network financially stable?
Yes, the organization appears financially stable. While revenue fluctuates, assets have grown consistently to $64,133 in 2019, and liabilities remain low at $5,421, indicating a healthy balance sheet.
How does Virginia Goodwill Network manage executive compensation?
The organization consistently reports 0% officer compensation in its IRS 990 filings, suggesting that its executive leadership is either volunteer-based or compensated through other means not directly reported as officer compensation.
Has the organization's financial health improved over time?
Yes, the organization's assets have shown a significant upward trend, growing from $2,626 in 2014 to $64,133 in 2019, indicating improved financial health and accumulation of reserves.
Filing History
IRS 990 filing history for Virginia Goodwill Network showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2010–2019), Virginia Goodwill Network's revenue has declined by 34.6%, moving from $163K to $107K. Total assets increased by 204.5% over the same period, from $21K to $64K. Total functional expenses rose by 15.1%, from $94K to $108K. In its most recent filing year (2019), Virginia Goodwill Network reported a deficit of $1K, with expenses exceeding revenue. The organization holds $5K in liabilities against $64K in assets (debt-to-asset ratio: 8.5%), resulting in net assets of $59K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $107K | $108K | $64K | $5K | — | View 990 |
| 2018 | $222K | $104K | $60K | $99 | — | View 990 |
| 2017 | $117K | $93K | $52K | $0 | — | View 990 |
| 2016 | $113K | $96K | $28K | $0 | — | View 990 |
| 2015 | $116K | $113K | $6K | $0 | — | View 990 |
| 2014 | $114K | $139K | $3K | $0 | — | View 990 |
| 2013 | $225K | $111K | $27K | $0 | — | View 990 |
| 2012 | $220K | $93K | $26K | $0 | — | View 990 |
| 2011 | $231K | $80K | $9K | $0 | — | View 990 |
| 2010 | $163K | $94K | $21K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $107K, expenses of $108K, and assets of $64K (revenue -52.0% year-over-year).
- 2018: Revenue of $222K, expenses of $104K, and assets of $60K (revenue +89.3% year-over-year).
- 2017: Revenue of $117K, expenses of $93K, and assets of $52K (revenue +3.7% year-over-year).
- 2016: Revenue of $113K, expenses of $96K, and assets of $28K (revenue -2.5% year-over-year).
- 2015: Revenue of $116K, expenses of $113K, and assets of $6K (revenue +1.4% year-over-year).
- 2014: Revenue of $114K, expenses of $139K, and assets of $3K (revenue -49.0% year-over-year).
- 2013: Revenue of $225K, expenses of $111K, and assets of $27K (revenue +2.3% year-over-year).
- 2012: Revenue of $220K, expenses of $93K, and assets of $26K (revenue -4.9% year-over-year).
- 2011: Revenue of $231K, expenses of $80K, and assets of $9K (revenue +41.6% year-over-year).
- 2010: Revenue of $163K, expenses of $94K, and assets of $21K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Virginia Goodwill Network:
Data Sources and Methodology
This transparency report for Virginia Goodwill Network 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.