Village Initiative Project Inc

Analysis

Village Initiative Project Inc is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in August 2001, 25 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).

In the financial year ending December 2023, Village Initiative Project Inc reported income of $649k and spending of $736k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $572k to $649k (+14%), an average of +3.2% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Village Initiative Project Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within CT. Charities of a similar size with the same main cause include Butler Warren County Electrical Joint Apprenticeship and TRNG Trus ($649k), Working Ranch Cowboys Foundation ($650k) and Upper Missouri Waterkeeper Inc ($649k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $88k (12% of expenses). Other salaries and wages came to $252k. At year end it held assets of $39k against liabilities of $175k, net assets of -$136k. It reported 40 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.