Village Resources Incorporated

Analysis

Village Resources Incorporated is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in March 2018, 8 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 Resources Incorporated reported income of $85k and spending of $127k, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $308k to $85k (-72%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 78%. 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 Resources Incorporated sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 40th percentile within NJ. Charities of a similar size with the same main cause include West Rockingham Food Pantry ($85k), Walden Square Community Association Inc ($85k) and Animal Authority Rescue Team ($85k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $57k (45% of expenses). At year end it held assets of $9,950 against liabilities of $2,135, net assets of $7,815. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.