Verde

Analysis

Verde is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Verde reported income of $4.0m and spending of $3.3m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.9m to $4.0m (-19%), an average of -5.1% a year. The sharpest change came in the year to June 2021, when income rose by 50%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Verde sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within OR. Charities of a similar size with the same main cause include West Kentucky Workforce Development Board ($4.0m), Community Resource Exchange ($4.0m) and Tzicatl Community Development Corporation ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 8.7% of the total. Compensation of current officers, directors and key employees was $112k (3.4% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $5.2m against liabilities of $1.6m, net assets of $3.5m. It reported 31 employees.