Village at Ithaca Inc

Analysis

Village at Ithaca Inc is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in March 1999, 27 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 December 2023, Village at Ithaca Inc reported income of $913k and spending of $945k, spending 104% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $259k to $913k (+253%), an average of +52% a year. The sharpest change came in the year to December 2021, when income rose by 107%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Village at Ithaca Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Julia Day Nursery of Ansonia Inc ($913k), Net Positive Inc ($913k) and Kefi Care Programs ($913k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $153k (16% of expenses). Other salaries and wages came to $243k. At year end it held assets of $290k against liabilities of $158k, net assets of $132k. It reported 21 employees.