Villages Community Development Corporation

Analysis

Villages Community Development Corporation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in September 2007, 19 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, Villages Community Development Corporation reported income of $387k and spending of $352k, spending 91% of its income. Across the 6 years on record, from December 2013 to December 2023, income grew from $195k to $387k (+99%), an average of +15% a year. The sharpest change came in the year to December 2019, when income rose by 45%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Villages Community Development Corporation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MI. Charities of a similar size with the same main cause include Sleepy Hollow Charitable Foundation ($387k), Rema 4 US Inc ($387k) and Swiss Bear Inc ($387k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $90k (25% of expenses). Other salaries and wages came to $60k. At year end it held assets of $1.2m against liabilities of $682k, net assets of $488k. It reported 2 employees.