Virginia Park Community Investment Associates Inc

Analysis

Virginia Park Community Investment Associates Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in August 1983, 43 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Virginia Park Community Investment Associates Inc reported income of $344k and spending of $329k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $412k to $344k (-16%), an average of -4.4% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Virginia Park Community Investment Associates Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within MI. Charities of a similar size with the same main cause include Olympia Center Inc ($344k), Jewish Labor Committee ($344k) and Iaf Northwest ($344k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% of the total. Compensation of current officers, directors and key employees was $16k (4.8% of expenses). At year end it held assets of $660k against liabilities of $8,706, net assets of $651k.