Victorian Village Inc CDC

Analysis

Victorian Village Inc CDC is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Victorian Village Inc CDC reported income of $81k and spending of $95k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $206k to $81k (-61%), an average of -60% a year. The sharpest change came in the year to December 2023, when income dropped by 61%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Victorian Village Inc CDC sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within TN. Charities of a similar size with the same main cause include Concourse Group Inc ($81k), LA Poderosa Media Project ($81k) and East Windsor Volunteer Fire Co 1 Inc ($81k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $29k (30% of expenses). At year end it held assets of $32k against liabilities of $0, net assets of $32k. It reported 1 employees.