Virginia Thoroughbred Project
EIN: 843519034 · Mntpelier Sta, VA · NTEE: D20
| Metric | Value |
|---|---|
| Total Revenue | $209K |
| Total Expenses | $153K |
| Net Assets | $377K |
Is Virginia Thoroughbred Project Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Virginia Thoroughbred Project
Virginia Thoroughbred Project (EIN: 843519034) is a nonprofit organization based in Mntpelier Sta, VA, classified under NTEE code D20. The organization reported total revenue of $209K and total assets of $420K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Virginia Thoroughbred Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Virginia Thoroughbred Project is a small nonprofit that has been operating for 6 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 24.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $165K |
| Total Expenses | $153K |
| Surplus / Deficit | +$12K |
| Total Assets | $377K |
| Net Assets | $377K |
| Operating Margin | 7.5% |
| Months of Reserves | 29.6 months |
Financial Health Grade: A
In 2023, Virginia Thoroughbred Project reported a surplus of $12K with revenue exceeding expenses, holds 29.6 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2020–2023), Virginia Thoroughbred Project's revenue has grown at a compound annual growth rate (CAGR) of 24.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -51.4% | +48.0% | +3.1% |
| 2022 | +150.0% | +71.3% | +131.8% |
| 2021 | +59.9% | +5.7% | +198.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1400 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Virginia Thoroughbred Project 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 Thoroughbred Project 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 $12K, with revenue exceeding expenses.
Frequently Asked Questions about Virginia Thoroughbred Project
Is Virginia Thoroughbred Project a legitimate charity?
Based on AI analysis of IRS 990 filings, Virginia Thoroughbred Project (EIN: 843519034) insufficient data. 0 red flags identified, 0 strengths noted.
How does Virginia Thoroughbred Project spend its money?
Detailed spending breakdown data is not yet available for Virginia Thoroughbred Project. Check back for updated IRS 990 analysis.
Are donations to Virginia Thoroughbred Project tax-deductible?
Virginia Thoroughbred Project is registered as a tax-exempt nonprofit (EIN: 843519034). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Virginia Thoroughbred Project located?
Virginia Thoroughbred Project is headquartered in Mntpelier Sta, Virginia and files with the IRS under EIN 843519034. It is classified under NTEE code D20.
How many years of IRS 990 filings does Virginia Thoroughbred Project have?
Virginia Thoroughbred Project has 4 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 $209K in total revenue.
Filing History
IRS 990 filing history for Virginia Thoroughbred Project showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Virginia Thoroughbred Project's revenue has grown by 94.4%, moving from $85K to $165K. Total assets increased by 613.5% over the same period, from $53K to $377K. Total functional expenses rose by 168.1%, from $57K to $153K. In its most recent filing year (2023), Virginia Thoroughbred Project reported a surplus of $12K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $165K | $153K | $377K | $0 | — | View 990 |
| 2022 | $339K | $103K | $366K | $0 | — | — |
| 2021 | $136K | $60K | $158K | $28K | — | View 990 |
| 2020 | $85K | $57K | $53K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $165K, expenses of $153K, and assets of $377K (revenue -51.4% year-over-year).
- 2022: Revenue of $339K, expenses of $103K, and assets of $366K (revenue +150.0% year-over-year).
- 2021: Revenue of $136K, expenses of $60K, and assets of $158K (revenue +59.9% year-over-year).
- 2020: Revenue of $85K, expenses of $57K, and assets of $53K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Virginia Thoroughbred Project:
Data Sources and Methodology
This transparency report for Virginia Thoroughbred Project 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.