Virginia Therapy Services Inc
EIN: 851116720 · Cobbs Creek, VA · NTEE: S20
| Metric | Value |
|---|---|
| Total Revenue | $789K |
| Total Expenses | $89K |
| Net Assets | $1 |
Is Virginia Therapy Services Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Virginia Therapy Services Inc
Virginia Therapy Services Inc (EIN: 851116720) is a nonprofit organization based in Cobbs Creek, VA, classified under NTEE code S20. The organization reported total revenue of $789K and total assets of $469K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Virginia Therapy Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Virginia Therapy Services Inc is a small nonprofit that has been operating for 5 years, with 3 years of IRS 990 filings on record (2021–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $124K |
| Total Expenses | $89K |
| Surplus / Deficit | +$35K |
| Total Assets | $1 |
| Net Assets | $1 |
| Operating Margin | 28.3% |
| Months of Reserves | 0.0 months |
Financial Health Grade: A
In 2023, Virginia Therapy Services Inc reported a surplus of $35K with revenue exceeding expenses, holds 0.0 months of operating reserves (limited).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1712.4% | — | -100.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Virginia Therapy Services Inc 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 Therapy Services Inc 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 surplus of $35K, with revenue exceeding expenses.
Frequently Asked Questions about Virginia Therapy Services Inc
Is Virginia Therapy Services Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Virginia Therapy Services Inc (EIN: 851116720) insufficient data. 0 red flags identified, 0 strengths noted.
How does Virginia Therapy Services Inc spend its money?
Detailed spending breakdown data is not yet available for Virginia Therapy Services Inc. Check back for updated IRS 990 analysis.
Are donations to Virginia Therapy Services Inc tax-deductible?
Virginia Therapy Services Inc is registered as a tax-exempt nonprofit (EIN: 851116720). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Virginia Therapy Services Inc located?
Virginia Therapy Services Inc is headquartered in Cobbs Creek, Virginia and files with the IRS under EIN 851116720. It is classified under NTEE code S20.
How many years of IRS 990 filings does Virginia Therapy Services Inc have?
Virginia Therapy Services Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $789K in total revenue.
Filing History
IRS 990 filing history for Virginia Therapy Services Inc showing financial trends over 3 years of public records:
Total assets increased by 0% over the same period, from $1 to $1. Total functional expenses rose by 978.2%, from $8K to $89K. In its most recent filing year (2023), Virginia Therapy Services Inc reported a surplus of $35K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $124K | $89K | $1 | $0 | — | — |
| 2022 | $7K | $0 | $7K | $0 | — | View 990 |
| 2021 | $0 | $8K | $1 | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $124K, expenses of $89K, and assets of $1 (revenue +1712.4% year-over-year).
- 2022: Revenue of $7K, expenses of $0, and assets of $7K.
- 2021: Revenue of $0, expenses of $8K, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Virginia Therapy Services Inc:
Data Sources and Methodology
This transparency report for Virginia Therapy Services Inc 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.