Virginias Gateway Region Inc
Virginias Gateway Region Inc shows fluctuating revenues and expenses, with no reported officer compensation.
EIN: 200434079 · Colonial Hgts, VA · NTEE: S30 · Updated: 2026-03-28
Is Virginias Gateway Region Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Virginias Gateway Region Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Virginias Gateway Region Inc
Virginias Gateway Region Inc (EIN: 200434079) is a nonprofit organization based in Colonial Hgts, VA, classified under NTEE code S30. The organization reported total revenue of $918K and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Virginias Gateway Region Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Virginias Gateway Region Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.9M |
| Surplus / Deficit | $-350,993 |
| Total Assets | $2.8M |
| Total Liabilities | $238K |
| Net Assets | $2.6M |
| Operating Margin | -22.1% |
| Debt-to-Asset Ratio | 8.5% |
| Months of Reserves | 17.3 months |
Financial Health Grade: B
In 2023, Virginias Gateway Region Inc reported a deficit of $351K with expenses exceeding revenue, holds 17.3 months of operating reserves (strong position), has a debt-to-asset ratio of 8.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Virginias Gateway Region Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.6% | +53.3% | -14.4% |
| 2022 | +120.4% | +22.0% | +22.6% |
| 2021 | -7.9% | -11.5% | -9.6% |
| 2020 | +10.7% | +41.5% | -6.5% |
| 2019 | +43.4% | +25.1% | +0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Virginias Gateway Region Inc with a Mission Score of 75 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Virginias Gateway Region Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $351K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation were paid to officers, directors, trustees, or key employees, which is highly favorable for minimizing administrative 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 Virginias Gateway Region Inc's IRS 990 filings:
- Significant operating deficit in 2023 ($1,936,027 expenses vs. $1,585,034 revenue)
- Highly fluctuating revenue and expense figures year-over-year, indicating potential unpredictability in financial planning.
Strengths
The following positive indicators were identified for Virginias Gateway Region Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds in this area.
- Strong asset base, providing a financial cushion despite operational fluctuations (e.g., $2,798,411 in 2023).
- Long filing history (13 filings), suggesting consistent compliance and operational longevity.
Frequently Asked Questions about Virginias Gateway Region Inc
Is Virginias Gateway Region Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Virginias Gateway Region Inc (EIN: 200434079) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Virginias Gateway Region Inc spend its money?
Virginias Gateway Region Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Virginias Gateway Region Inc tax-deductible?
Virginias Gateway Region Inc is registered as a tax-exempt nonprofit (EIN: 200434079). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Virginias Gateway Region Inc financially stable?
While the organization has a solid asset base (e.g., $2,798,411 in 2023), its revenue and expense figures fluctuate significantly, with a notable deficit in 2023 where expenses exceeded revenue by over $350,000. This suggests periods of financial instability despite overall asset strength.
How does Virginias Gateway Region Inc manage executive compensation?
The organization consistently reports 0% officer compensation in all available filings, indicating a strong commitment to directing funds away from executive salaries and towards its mission.
What is the trend in the organization's revenue?
Revenue has been highly variable, ranging from a low of $538,106 in 2018 to a high of $1,733,920 in 2022. There is no clear upward or downward trend, but rather significant year-to-year fluctuations.
Are the organization's assets growing?
Assets have generally been strong, peaking at $3,394,211 in 2017. While there have been dips, such as to $2,668,915 in 2021, the latest filing shows assets at $2,798,411, indicating a relatively stable and substantial asset base.
Filing History
IRS 990 filing history for Virginias Gateway Region Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Virginias Gateway Region Inc's revenue has grown by 29.1%, moving from $1.2M to $1.6M. Total assets increased by 13.3% over the same period, from $2.5M to $2.8M. Total functional expenses rose by 118%, from $888K to $1.9M. In its most recent filing year (2023), Virginias Gateway Region Inc reported a deficit of $351K, with expenses exceeding revenue. The organization holds $238K in liabilities against $2.8M in assets (debt-to-asset ratio: 8.5%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.9M | $2.8M | $238K | — | — |
| 2022 | $1.7M | $1.3M | $3.3M | $360K | — | View 990 |
| 2021 | $787K | $1.0M | $2.7M | $180K | — | View 990 |
| 2020 | $854K | $1.2M | $3.0M | $215K | — | View 990 |
| 2019 | $772K | $826K | $3.2M | $107K | — | View 990 |
| 2018 | $538K | $661K | $3.2M | $50K | — | View 990 |
| 2017 | $1.5M | $770K | $3.4M | $165K | — | View 990 |
| 2016 | $1.0M | $838K | $2.7M | $157K | — | View 990 |
| 2015 | $645K | $675K | $2.5M | $142K | — | View 990 |
| 2014 | $585K | $691K | $2.5M | $131K | — | View 990 |
| 2013 | $626K | $747K | $2.7M | $197K | — | View 990 |
| 2012 | $957K | $662K | $2.8M | $145K | — | View 990 |
| 2011 | $1.2M | $888K | $2.5M | $123K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.9M, and assets of $2.8M (revenue -8.6% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.3M, and assets of $3.3M (revenue +120.4% year-over-year).
- 2021: Revenue of $787K, expenses of $1.0M, and assets of $2.7M (revenue -7.9% year-over-year).
- 2020: Revenue of $854K, expenses of $1.2M, and assets of $3.0M (revenue +10.7% year-over-year).
- 2019: Revenue of $772K, expenses of $826K, and assets of $3.2M (revenue +43.4% year-over-year).
- 2018: Revenue of $538K, expenses of $661K, and assets of $3.2M (revenue -63.1% year-over-year).
- 2017: Revenue of $1.5M, expenses of $770K, and assets of $3.4M (revenue +45.8% year-over-year).
- 2016: Revenue of $1.0M, expenses of $838K, and assets of $2.7M (revenue +55.0% year-over-year).
- 2015: Revenue of $645K, expenses of $675K, and assets of $2.5M (revenue +10.4% year-over-year).
- 2014: Revenue of $585K, expenses of $691K, and assets of $2.5M (revenue -6.6% year-over-year).
- 2013: Revenue of $626K, expenses of $747K, and assets of $2.7M (revenue -34.6% year-over-year).
- 2012: Revenue of $957K, expenses of $662K, and assets of $2.8M (revenue -22.1% year-over-year).
- 2011: Revenue of $1.2M, expenses of $888K, and assets of $2.5M.
Data Sources and Methodology
This transparency report for Virginias Gateway Region 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.