Vision Aid Incorporated
Vision Aid Incorporated shows consistent financial growth and strong program spending with no reported officer compensation.
EIN: 201344017 · Lexington, MA · NTEE: G124 · Updated: 2026-03-28
Is Vision Aid Incorporated Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Vision Aid Incorporated directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Vision Aid Incorporated
Vision Aid Incorporated (EIN: 201344017) is a nonprofit organization based in Lexington, MA, classified under NTEE code G124. The organization reported total revenue of $1.3M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vision Aid Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Vision Aid Incorporated with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Vision Aid Incorporated allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Vision Aid Incorporated has reported 0% officer compensation across all eight available IRS 990 filings, which is exceptional for an organization with current annual revenue approaching $1 million. This indicates a strong commitment to directing funds towards its mission rather than executive salaries.
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.
Strengths
The following positive indicators were identified for Vision Aid Incorporated:
- Consistent and significant revenue growth, from $54,541 in 2016 to $936,559 in 2023.
- Strong asset growth, from $99,194 in 2016 to $1,182,448 in 2023, indicating financial stability.
- Zero reported officer compensation across all filings, demonstrating high transparency and efficient use of funds.
- High estimated program spending ratio (90%), indicating a strong focus on mission delivery.
- Low liabilities relative to assets, suggesting prudent financial management (e.g., $642 liabilities vs. $1,182,448 assets in 2023).
Frequently Asked Questions about Vision Aid Incorporated
Is Vision Aid Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Vision Aid Incorporated (EIN: 201344017) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Vision Aid Incorporated spend its money?
Vision Aid Incorporated directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Vision Aid Incorporated tax-deductible?
Vision Aid Incorporated is registered as a tax-exempt nonprofit (EIN: 201344017). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Vision Aid Incorporated a good charity?
Based on its consistent financial growth, high program spending ratio (estimated 90%), and zero reported officer compensation, Vision Aid Incorporated appears to be a very good charity, efficiently utilizing its resources for its mission.
How has Vision Aid Incorporated's financial health changed over time?
Vision Aid Incorporated has demonstrated remarkable financial growth, with revenue increasing from $54,541 in 2016 to $936,559 in 2023, and assets growing from $99,194 to $1,182,448 over the same period, indicating strong and sustained financial health.
What is Vision Aid Incorporated's approach to executive compensation?
Vision Aid Incorporated has consistently reported 0% officer compensation in all available IRS 990 filings, suggesting a volunteer-led executive structure or a strong commitment to minimizing administrative costs by not paying its officers.
Filing History
IRS 990 filing history for Vision Aid Incorporated showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Vision Aid Incorporated's revenue has grown by 1617.2%, moving from $55K to $937K. Total assets increased by 1092.1% over the same period, from $99K to $1.2M. Total functional expenses rose by 1220.5%, from $36K to $473K. In its most recent filing year (2023), Vision Aid Incorporated reported a surplus of $464K, with revenue exceeding expenses. The organization holds $642 in liabilities against $1.2M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $937K | $473K | $1.2M | $642 | — | View 990 |
| 2022 | $487K | $452K | $719K | $1K | — | View 990 |
| 2021 | $524K | $210K | $683K | $414 | — | View 990 |
| 2020 | $294K | $171K | $369K | $1K | — | View 990 |
| 2019 | $177K | $118K | $245K | $22K | — | View 990 |
| 2018 | $103K | $76K | $164K | $0 | — | View 990 |
| 2017 | $85K | $46K | $138K | $0 | — | View 990 |
| 2016 | $55K | $36K | $99K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $937K, expenses of $473K, and assets of $1.2M (revenue +92.3% year-over-year).
- 2022: Revenue of $487K, expenses of $452K, and assets of $719K (revenue -7.1% year-over-year).
- 2021: Revenue of $524K, expenses of $210K, and assets of $683K (revenue +78.5% year-over-year).
- 2020: Revenue of $294K, expenses of $171K, and assets of $369K (revenue +65.5% year-over-year).
- 2019: Revenue of $177K, expenses of $118K, and assets of $245K (revenue +72.8% year-over-year).
- 2018: Revenue of $103K, expenses of $76K, and assets of $164K (revenue +20.9% year-over-year).
- 2017: Revenue of $85K, expenses of $46K, and assets of $138K (revenue +55.6% year-over-year).
- 2016: Revenue of $55K, expenses of $36K, and assets of $99K.
Data Sources and Methodology
This transparency report for Vision Aid Incorporated 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.