Vineland Development Corporation

Analysis

Vineland Development Corporation is a registered charity in United States, based in Vineland, NJ. It received its IRS tax-exemption ruling in September 2007, 19 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Vineland Development Corporation reported income of $5.2m and spending of $1.4m, leaving 74% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $556k to $5.2m (+837%), an average of +56% a year. The sharpest change came in the year to June 2020, when income rose by 653%. Over the whole period it spent 49% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Vineland Development Corporation sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Delaware Technology Park Inc ($5.2m), Buf Health and Human Services Corporation Inc ($5.2m) and Neighborhood Community Development Fund ($5.2m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 73% of the total. At year end it held assets of $88.1m against liabilities of $3.7m, net assets of $84.4m.