Education (B82Z) IRS Verified DX Registered 990 on File

VAW VRC OFFICERS SPOUSES ASSOC VAW VRC MEMORIAL SCHOLARSHIP FUND

EIN: 54-1673670 · NORFOLK, VA 23511-0322 · United States · FY 2024 Data

3 out of 5 54 / 100 Based on 2+ years of filings

Financial strength (30%) 78/100

Reliability (20%) 55/100

Effectiveness (25%) 78/100

Impact (25%) No data yet

Financial data: FY 2024 · Scored 9/13/2026

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CharityAI™ Score

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Financial Overview — FY 2024

$112K

Total Revenue

$54K

Total Expenses

$886K

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 95.7%

Fundraising Efficiency N/A

Operating Reserve 195.75x

Liability-to-Asset 0.0%

Revenue Diversification 59.3%

Compared with Peers

FY 2024

Compared with 19,859 similar organizations (United States, Education, under $100K in expenses), FY 2024.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	95.7%	87.4%	P10P90	Above median
Admin expense ratio Management and general / total expenses · lower is better	4.3%	7.0%	P10P90	Above median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	0.0%	0.0%	P10P90	Top quarter
Operating reserve Months of expenses covered by net assets · higher is better	195.8 mo	19.7 mo	P10P90	Top quarter
Liabilities to assets Total liabilities / total assets · lower is better	0.0%	0.0%	P10P90	Top quarter
Revenue concentration Share of revenue from the largest source · lower is better	59.3%	85.3%	P10P90	Above median
Revenue growth Year over year revenue growth	18.6%	1.6%	P10P90
Expense growth Year over year expense growth	-7.7%	0.3%	P10P90
Surplus margin Surplus as a share of revenue	51.4%	10.7%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %
2024	$112K	$54K	$886K	95.7%
2023	$94K	$59K	$654K	86.7%
2022	$53K	$59K	$646K	85.7%
2021	$125K	$57K	N/A	—

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Organization Details

EIN: 54-1673670
State: VA
City: NORFOLK
ZIP: 23511-0322
Classification: B82Z
Category: Education
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1993
Foundation Code
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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