Del Mar Village Association Inc

Analysis

Del Mar Village Association Inc is a registered charity in United States, based in Del Mar, CA. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Del Mar Village Association Inc reported income of $848k and spending of $813k, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $553k to $848k (+53%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 74%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Del Mar Village Association Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Mahi International Inc ($848k), Southern Vermont Health and Recreation Center Foundation Inc ($849k) and Parents Leading for Educational Equity ($848k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 30% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $213k (26% of expenses). At year end it held assets of $316k against liabilities of $142k, net assets of $174k. It reported 1 employees.