Voice Community Economic Development Corporation

Analysis

Voice Community Economic Development Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 2023, 3 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 December 2023, Voice Community Economic Development Corporation reported income of $744k and spending of $859k, spending 115% of what it took in. Across the 5 years on record, from December 2018 to December 2023, income grew from $357k to $744k (+109%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 102% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Voice Community Economic Development Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within PA. Charities of a similar size with the same main cause include Cameron Regional Young Mens Christian Association ($744k), Interamerican Scout Foundation ($744k) and Kids Cove Community Outreach ($744k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $341k. At year end it held assets of $317k against liabilities of $123k, net assets of $194k.