Villa of Hope

Analysis

Villa of Hope is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in May 1999, 27 years ago. 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 June 2023, Villa of Hope reported income of $22.3m and spending of $22.5m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $28.7m to $22.3m (-22%), an average of -8.0% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Villa of Hope sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include KCRW Foundation Inc ($22.3m), Tulsa Psychiatric Center Inc ($22.4m) and Rainbow of Challenges Inc ($22.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $513k (2.3% of expenses). Other salaries and wages came to $12.8m. At year end it held assets of $17.5m against liabilities of $11.0m, net assets of $6.5m. It reported 506 employees.