Village Center for Care

Analysis

Village Center for Care is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1978, 48 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Village Center for Care reported income of $17.7m and spending of $16.3m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $30.2m to $17.7m (-41%), an average of -12% a year. The sharpest change came in the year to December 2023, when income dropped by 41%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Village Center for Care sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Park West Health Systems Incorporated ($17.7m), Child Development Council of Franklin County ($17.7m) and University of Maryland Radiation Oncology Associates P a ($17.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $173k (1.1% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $86.2m against liabilities of $2.4m, net assets of $83.8m. It reported 154 employees.