The Village for Families & Children Inc

Analysis

The Village for Families & Children Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in April 1953, 73 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Village for Families & Children Inc reported income of $51.0m and spending of $50.3m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $36.0m to $51.0m (+42%), an average of +9.1% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Village for Families & Children Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CT. Charities of a similar size with the same main cause include Access ($51.0m), National Center for Children and Families ($51.2m) and Adapt of the Hudson Valley Inc ($51.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 29% of the total. Other salaries and wages came to $30.2m. At year end it held assets of $143.5m against liabilities of $25.9m, net assets of $117.6m. It reported 694 employees.