Friends of Algiers Village Inc

Analysis

Friends of Algiers Village Inc is a registered charity in United States, based in Guilford, VT. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Friends of Algiers Village Inc reported income of $168k and spending of $127k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $169k to $168k (-0.7%), an average of -0.2% a year. The sharpest change came in the year to December 2023, when income rose by 116%. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of Algiers Village Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 40th percentile within VT. Charities of a similar size with the same main cause include Building a Better Boyertown ($168k), Livin Room ($168k) and Lafayette Community Development Fund ($168k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. At year end it held assets of $1.2m against liabilities of $254k, net assets of $897k.