Village Capital Corporation

Analysis

Village Capital Corporation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in September 1993, 33 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Village Capital Corporation reported income of $1.5m and spending of $1.1m, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.5m (+46%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 64%. Over the whole period it spent 69% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Village Capital 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 83rd percentile, and in the 83rd percentile within OH. Charities of a similar size with the same main cause include Salva ($1.5m), Virginia Coalfield Coalition Inc ($1.5m) and Rockwest Training Company ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 35% of the total. Other salaries and wages came to $416k. At year end it held assets of $24.6m against liabilities of $16.8m, net assets of $7.8m.