Village Assisted Living Inc

Analysis

Village Assisted Living Inc is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Village Assisted Living Inc reported income of $3.3m and spending of $3.1m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $3.3m (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Village Assisted Living Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include Barrett Foundation Inc ($3.3m), Civic 411 Wales Corporation ($3.3m) and Design Outreach Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 38% of the total. Other salaries and wages came to $910k. At year end it held assets of $6.0m against liabilities of $4.6m, net assets of $1.3m. It reported 34 employees.