Virginia-carolinas Scholarships Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Virginia-carolinas Scholarships Foundation is a 501(c)(3) organization based in Wilmington, Delaware, registered in 1992, with $74,371 in FY2024 revenue. CharityIndex grades it C+.
200 Bellevue Pkwy Ste 500, Wilmington, DE, 19809 EIN 57-0948342 Since 1992
Revenue (FY2024)
$74K
▲ 163.5% vs prior year
Expenses (FY2024)
$55K
Net assets
$664K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—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 Virginia-carolinas Scholarships Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating146 mo reserves · +27% 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 Virginia-carolinas Scholarships Foundation: 146 mo reserves · +27% margin earns a B+ 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 Virginia-carolinas Scholarships Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 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 Virginia-carolinas Scholarships Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 200 Bellevue Pkwy Ste 500, Wilmington, DE, 19809
- City
- Wilmington
- State
- Delaware
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $46K (FY2019) to $74K (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $664K
Operating margin
26.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$664K
Total liabilities
$0
Net assets
$664K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $74,371▲164% | $54,502▲126% | $663,906▲5.9% | $663,906▲5.9% | 990PF |
| 2023 | $28,223▲100% | $24,135▼54.9% | $626,766▲0.8% | $626,766▲0.8% | 990PF |
| 2022 | $14,107▼68.2% | $53,509▲10.4% | $621,762▼5.5% | $621,762▼5.5% | 990PF |
| 2021 | $44,413▼32.8% | $48,455▲0.8% | $657,846▼0.6% | $657,846▼0.6% | 990PF |
| 2020 | $66,042▲44.1% | $48,083▼24.3% | $661,940▲3.4% | $661,940▲3.4% | 990PF |
| 2019 | $45,823 | $63,495 | $640,368 | $640,368 | 990PF |
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.
Frequently asked questions
- Is Virginia-carolinas Scholarships Foundation a legitimate nonprofit?
- Yes. Virginia-carolinas Scholarships Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 57-0948342, based in Wilmington, Delaware. Donations are tax-deductible.
- What is Virginia-carolinas Scholarships Foundation's EIN?
- Virginia-carolinas Scholarships Foundation's Employer Identification Number (EIN) is 57-0948342.
- How much revenue does Virginia-carolinas Scholarships Foundation report?
- Virginia-carolinas Scholarships Foundation reported $74,371 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Virginia-carolinas Scholarships Foundation have?
- CharityIndex grades Virginia-carolinas Scholarships Foundation C+, based on financial health (reserves and operating margin).
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Data for Virginia-carolinas Scholarships Foundation (EIN 57-0948342) 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.