Village Improvement Assoc of West Haven

Analysis

Village Improvement Assoc of West Haven is a registered charity in United States, based in West Haven, CT. It received its IRS tax-exemption ruling in January 1943, 83 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Village Improvement Assoc of West Haven reported income of $2.1m and spending of $2.1m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.7m to $2.1m (+23%), an average of +7.1% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Village Improvement Assoc of West Haven sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within CT. Charities of a similar size with the same main cause include Golden Oak Manor Inc ($2.1m), Southside Family Charter School ($2.1m) and Wakulla Springs Christian School Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $111k (5.4% of expenses). Other salaries and wages came to $829k. At year end it held assets of $4.9m against liabilities of $48k, net assets of $4.9m. It reported 37 employees.