Vip & Associates is a 501(c)(3) organization based in Richmond, Virginia, registered in 1993, with $1,057,289 in FY2024 revenue. CharityIndex grades it D.
Revenue (FY2024)
$1.1M
▲ 36.8% vs prior year
Human Services median: $293K
Expenses (FY2024)
$873K
Net assets
-$76K
Employees
—
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 Vip & Associates— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Vip & Associates: 0 mo reserves · +17% margin earns a D on this criterion. See the exact thresholds →
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 Vip & Associates— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Vip & Associates: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $375K (FY2013) to $1.1M (FY2024) across 12 reported years.
Financial snapshot
Operating margin
17.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$267K
Total liabilities
$343K
Net assets
-$76K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,057,289▲36.8% | $872,839▲12.9% | -$75,754▼222% | $267,199▼8.2% | 990 |
| 2023 | $772,878▲26.3% | $773,423▲34.7% | $61,913▼22.0% | $291,088▲2.3% | 990 |
| 2022 | $611,721▼12.4% | $574,094▼18.6% | $79,350▼57.1% | $284,499▼8.6% | 990 |
| 2021 | $698,646▲50.6% | $705,158▲14.0% | $185,133▼24.7% | $311,389▲26.7% | 990 |
| 2020 | $464,040▼47.2% | $618,320▼17.5% | $245,833▼1.6% | $245,833▼1.6% | 990 |
| 2019 | $878,621▲4.8% | $749,182▼3.0% | $249,944▲1.5% | $249,944▲1.5% | 990 |
| 2018 | $838,134▲40.2% | $772,309▲38.8% | $246,327▲6.9% | $246,327▼1.4% | 990 |
| 2017 | $597,706▲3.5% | $556,232▲7.9% | $230,477▲7.9% | $249,880▲1.9% | 990 |
| 2016 | $577,477▼4.0% | $515,711▼2.5% | $213,639▲3.5% | $245,145▼2.5% | 990 |
| 2015 | $601,572▲13.1% | $529,179▲10.7% | $206,444▲66.5% | $251,472▲6.7% | 990 |
| 2014 | $531,925▲42.0% | $477,979▲36.6% | $123,993▲40.9% | $235,777▲0.3% | 990 |
| 2013 | $374,657 | $349,956▲7.2% | $87,974▲63.4% | $235,113▲48.7% | 990 |
| 2012 | — | $326,331▲1.6% | $53,841▲381% | $158,085▲0.7% | 990 |
| 2011 | — | $321,319 | $11,188 | $156,920 | 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.
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Data for Vip & Associates (EIN 54-1643287) 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.