Village Enterprise Fund Inc

Analysis

Village Enterprise Fund Inc is a registered charity in United States, based in San Carlos, CA. It received its IRS tax-exemption ruling in February 1988, 38 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 June 2023, Village Enterprise Fund Inc reported income of $18.6m and spending of $12.6m, leaving 32% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.5m to $18.6m (+313%), an average of +42% a year. The sharpest change came in the year to June 2022, when income rose by 107%. Over the whole period it spent 72% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Village Enterprise Fund Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Trustees of Robert College of Istanbul ($18.5m), Nafsa Association of International Educators ($18.6m) and Cultural Vistas Inc ($18.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $259k (2.1% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $16.5m against liabilities of $1.6m, net assets of $14.9m. It reported 18 employees.