Ten Thousand Villages of Huron Valley Inc

Analysis

Ten Thousand Villages of Huron Valley Inc is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ten Thousand Villages of Huron Valley Inc reported income of $251k and spending of $264k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $272k to $251k (-7.7%), an average of -2.0% a year. The sharpest change came in the year to December 2021, when income rose by 100%. Over the whole period it spent 120% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ten Thousand Villages of Huron Valley Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within MI. Charities of a similar size with the same main cause include Friends of the Veterans Memorial Senior Center ($251k), New Mexico Ramp Project ($251k) and On Our Own Frederick County Inc ($251k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% of the total. Other salaries and wages came to $110k. At year end it held assets of $167k against liabilities of $61k, net assets of $106k. It reported 9 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.