It Takes a Village Inc

Analysis

It Takes a Village Inc is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, It Takes a Village Inc reported income of $289k and spending of $252k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $259k to $289k (+11%), an average of +2.8% a year. The sharpest change came in the year to December 2022, when income rose by 53%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, It Takes a Village Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 67th percentile within NJ. Charities of a similar size with the same main cause include Mills Institute for Learning Leadership Service Inc ($289k), Imani Aid Inc ($289k) and Hawaii Rise Foundation ($289k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.7% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $141k (56% of expenses). At year end it held assets of $37k against liabilities of $110k, net assets of -$73k. It reported 4 employees.