V M I Research Laboratories
501(c)(3) Donations tax-deductible
Only null% goes to programs Growing revenue
V M I Research Laboratories is a 501(c)(3) organization based in Lexington, Virginia, registered in 1967, with $3,051,078 in FY2023 revenue. CharityIndex grades it B.
Virginia Military Institute, Lexington, VA, 24450 EIN 54-0737652 Since 1967
Revenue (FY2023)
$3.1M
▲ 26.4% vs prior year
Expenses (FY2023)
$3.1M
Net assets
$838K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for V M I Research Laboratories— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating3 mo reserves · -1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For V M I Research Laboratories: 3 mo reserves · -1% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for V M I Research Laboratories— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For V M I Research Laboratories: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
Financial trends
Revenue grew from $563K (FY2013) to $3.1M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $937KNet assets $838K
Operating margin
-1.2%
Spent more than it raised in the latest fiscal year.
Total assets
$1.8M
Total liabilities
$937K
Net assets
$838K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $3,051,078▲26.4% | $3,087,521▲16.8% | $837,590▲5.6% | $1,774,768▲11.4% | 990 |
| 2022 | $2,414,533▼0.1% | $2,644,048▲19.4% | $793,031▼18.4% | $1,592,848▲3.8% | 990 |
| 2021 | $2,417,352▲113% | $2,214,267▲117% | $972,204▲19.4% | $1,533,902▲39.7% | 990 |
| 2020 | $1,132,928▲191% | $1,018,853▲126% | $814,456▲33.8% | $1,098,262▲57.4% | 990 |
| 2019 | $389,877▲10.2% | $451,096▲8.1% | $608,775▼6.9% | $697,728▼0.9% | 990 |
| 2018 | $353,874▲3.7% | $417,258▲43.2% | $654,184▼6.4% | $703,972▼16.4% | 990 |
| 2017 | $341,255▲41.7% | $291,431▼10.1% | $698,705▲10.5% | $842,143▲18.8% | 990 |
| 2016 | $240,789▲11.1% | $324,297▲11.1% | $632,210▼9.3% | $708,833▼12.5% | 990 |
| 2015 | $216,689▼33.3% | $291,889▲37.3% | $697,046▼9.2% | $810,459▼4.8% | 990 |
| 2014 | $324,941▼42.2% | $212,652▼64.5% | $768,041▲18.4% | $850,969▲19.8% | 990 |
| 2013 | $562,573 | $598,490▼0.2% | $648,548▼1.8% | $710,282▼3.5% | 990 |
| 2012 | — | $599,477▲7.3% | $660,761▼8.0% | $735,910▼8.1% | 990 |
| 2011 | — | $558,435▼2.9% | $718,373▼2.2% | $800,802▼7.2% | 990 |
| 2010 | — | $575,020▼17.9% | $734,809▼4.7% | $863,005▼9.8% | 990 |
| 2009 | — | $700,598 | $770,995 | $957,164 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $3.5M total
3 grants to V M I Research Laboratories totaling $3.5M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Norwich University | For software tools to support the services plans for command and control of the information environment | 2024 | $1,628,205 |
| Institute of Electrical and Electronics Engineers Inc | Engineering development | 2024 | $15,000 |
| Norwich University | For software tools to support the services plans for command and control of the information environment | 2023 | $1,821,748 |
Frequently asked questions
- Is V M I Research Laboratories a legitimate nonprofit?
- Yes. V M I Research Laboratories is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 54-0737652, based in Lexington, Virginia. Donations are tax-deductible.
- What is V M I Research Laboratories's EIN?
- V M I Research Laboratories's Employer Identification Number (EIN) is 54-0737652.
- How much revenue does V M I Research Laboratories report?
- V M I Research Laboratories reported $3,051,078 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does V M I Research Laboratories have?
- CharityIndex grades V M I Research Laboratories B, based on financial health (reserves and operating margin).
More nonprofits in Lexington
Explore more
Data for V M I Research Laboratories (EIN 54-0737652) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.