Slavic Village Development

Analysis

Slavic Village Development is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in November 1980, 46 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 June 2023, Slavic Village Development reported income of $2.3m and spending of $2.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.7m to $2.3m (-14%), an average of -3.6% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Slavic Village Development sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within OH. Charities of a similar size with the same main cause include Salvare Inc ($2.3m), Agudath Israel of Lakewood New Jersey Community Services Inc ($2.3m) and Miami Workers Center Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $177k (7.6% of expenses). Other salaries and wages came to $599k. At year end it held assets of $2.3m against liabilities of $322k, net assets of $2.0m. It reported 23 employees.