First Community Village

Analysis

First Community Village is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in November 1964, 62 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 June 2023, First Community Village reported income of $28.0m and spending of $31.4m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $23.6m to $28.0m (+19%), an average of +4.3% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, First Community Village sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Future Wisconsin Housing Fund Inc ($28.0m), Nevada Affordable Housing Assistance Corporation ($28.1m) and Habitat for Humanity Portland Metro East ($27.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Other salaries and wages came to $9.0m. At year end it held assets of $109.3m against liabilities of $154.2m, net assets of -$44.9m.

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.