Virginia Hospital Center Foundation
Virginia Hospital Center Foundation faces consistent operating deficits and increasing liabilities in recent years.
EIN: 204129901 · Arlington, VA · NTEE: E112 · Updated: 2026-03-28
Is Virginia Hospital Center Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Virginia Hospital Center Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Virginia Hospital Center Foundation
Virginia Hospital Center Foundation (EIN: 204129901) is a nonprofit organization based in Arlington, VA, classified under NTEE code E112. The organization reported total revenue of $1.5M and total assets of $12.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Virginia Hospital Center Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Virginia Hospital Center Foundation is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $2.6M |
| Surplus / Deficit | $-1,100,900 |
| Total Assets | $7.6M |
| Total Liabilities | $11.4M |
| Net Assets | $-3,831,997 |
| Operating Margin | -71.6% |
| Debt-to-Asset Ratio | 150.4% |
| Months of Reserves | 34.6 months |
Financial Health Grade: C
In 2023, Virginia Hospital Center Foundation reported a deficit of $1.1M with expenses exceeding revenue, holds 34.6 months of operating reserves (strong position), has a debt-to-asset ratio of 150.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Virginia Hospital Center Foundation's revenue has declined at a compound annual growth rate (CAGR) of -7.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.8% | +8.0% | +120.8% |
| 2022 | -9.8% | +18.2% | +0.2% |
| 2021 | -56.1% | -2.3% | +145.8% |
| 2020 | +141.3% | +11.2% | +24.4% |
| 2019 | -32.0% | +23.1% | -48.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Hospital Center Foundation with a Mission Score of 60 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Virginia Hospital Center Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 150.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a volunteer executive leadership or that executive compensation is embedded within other expense categories, which could obscure a full understanding of leadership costs.
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 Hospital Center Foundation's IRS 990 filings:
- Consistent operating deficits in recent years (2021-2023)
- Significant increase in liabilities in 2023 to $11,436,733
- Volatile asset base, with a notable drop from 2017 to 2022
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
Strengths
The following positive indicators were identified for Virginia Hospital Center Foundation:
- History of significant revenue generation in prior periods (e.g., $3.9M in 2016, $3.6M in 2017)
- No reported officer compensation, potentially indicating volunteer leadership or efficient executive cost management
Frequently Asked Questions about Virginia Hospital Center Foundation
Is Virginia Hospital Center Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Virginia Hospital Center Foundation (EIN: 204129901) some concerns. Mission Score: 60/100. 4 red flags identified, 2 strengths noted.
How does Virginia Hospital Center Foundation spend its money?
Virginia Hospital Center Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Virginia Hospital Center Foundation tax-deductible?
Virginia Hospital Center Foundation is registered as a tax-exempt nonprofit (EIN: 204129901). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why have expenses consistently exceeded revenue in recent years (2021-2023)?
From 2021 to 2023, the organization reported expenses of $2,065,534, $2,441,810, and $2,637,845 respectively, while revenues were $1,312,695, $1,184,072, and $1,536,945. This consistent deficit indicates that the organization is spending more than it is generating in income.
What caused the significant increase in liabilities to $11,436,733 in 2023?
Liabilities jumped from $-242,269 in 2022 to $11,436,733 in 2023. This dramatic increase warrants investigation into the nature of these new obligations, such as new debt, deferred revenue, or other financial commitments.
How does the organization plan to address its recurring operating deficits?
With expenses consistently outpacing revenue in recent years, the organization needs a clear strategy to either increase fundraising and other income streams or reduce operational costs to achieve financial sustainability.
Filing History
IRS 990 filing history for Virginia Hospital Center Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Virginia Hospital Center Foundation's revenue has declined by 58.2%, moving from $3.7M to $1.5M. Total assets increased by 356.5% over the same period, from $1.7M to $7.6M. Total functional expenses fell by 18%, from $3.2M to $2.6M. In its most recent filing year (2023), Virginia Hospital Center Foundation reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $11.4M in liabilities against $7.6M in assets (debt-to-asset ratio: 150.4%), resulting in net assets of $-3,831,997.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $2.6M | $7.6M | $11.4M | — | — |
| 2022 | $1.2M | $2.4M | $3.4M | $-242,269 | — | View 990 |
| 2021 | $1.3M | $2.1M | $3.4M | $-186,036 | — | View 990 |
| 2020 | $3.0M | $2.1M | $1.4M | $0 | — | — |
| 2019 | $1.2M | $1.9M | $1.1M | $0 | — | View 990 |
| 2018 | $1.8M | $1.5M | $2.2M | $0 | — | View 990 |
| 2017 | $3.7M | $1.7M | $7.3M | $0 | — | View 990 |
| 2016 | $3.9M | $1.5M | $5.3M | $0 | — | View 990 |
| 2015 | $2.5M | $1.3M | $4.4M | $41K | — | View 990 |
| 2014 | $2.3M | $4.6M | $3.9M | $0 | — | View 990 |
| 2013 | $4.3M | $2.5M | $3.4M | $0 | — | View 990 |
| 2012 | $4.5M | $2.9M | $3.6M | $0 | — | View 990 |
| 2011 | $3.7M | $3.2M | $1.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $2.6M, and assets of $7.6M (revenue +29.8% year-over-year).
- 2022: Revenue of $1.2M, expenses of $2.4M, and assets of $3.4M (revenue -9.8% year-over-year).
- 2021: Revenue of $1.3M, expenses of $2.1M, and assets of $3.4M (revenue -56.1% year-over-year).
- 2020: Revenue of $3.0M, expenses of $2.1M, and assets of $1.4M (revenue +141.3% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.9M, and assets of $1.1M (revenue -32.0% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.5M, and assets of $2.2M (revenue -50.7% year-over-year).
- 2017: Revenue of $3.7M, expenses of $1.7M, and assets of $7.3M (revenue -5.6% year-over-year).
- 2016: Revenue of $3.9M, expenses of $1.5M, and assets of $5.3M (revenue +57.0% year-over-year).
- 2015: Revenue of $2.5M, expenses of $1.3M, and assets of $4.4M (revenue +6.5% year-over-year).
- 2014: Revenue of $2.3M, expenses of $4.6M, and assets of $3.9M (revenue -44.9% year-over-year).
- 2013: Revenue of $4.3M, expenses of $2.5M, and assets of $3.4M (revenue -6.1% year-over-year).
- 2012: Revenue of $4.5M, expenses of $2.9M, and assets of $3.6M (revenue +23.2% year-over-year).
- 2011: Revenue of $3.7M, expenses of $3.2M, and assets of $1.7M.
Data Sources and Methodology
This transparency report for Virginia Hospital Center 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.