Ten Thousand Villages South Bay

Analysis

Ten Thousand Villages South Bay is a registered charity in United States, based in Redondo Beach, CA. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 March 2023, Ten Thousand Villages South Bay reported income of $166k and spending of $195k, spending 117% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $180k to $166k (-7.7%), an average of -2.0% a year. The sharpest change came in the year to March 2022, when income rose by 106%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ten Thousand Villages South Bay sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include King Solomon Foundation Inc ($166k), Next Step Service Dogs ($166k) and Son Raise Missionary Services ($166k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 6.2% of the total. Other salaries and wages came to $93k. At year end it held assets of $322k against liabilities of $144k, net assets of $179k. It reported 5 employees.