Vera Court Neighborhood Center Inc

Analysis

Vera Court Neighborhood Center Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in January 1999, 27 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 December 2023, Vera Court Neighborhood Center Inc reported income of $1.6m and spending of $1.6m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.6m (-6.4%), an average of -1.6% a year. The sharpest change came in the year to December 2020, when income rose by 60%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vera Court Neighborhood Center Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within WI. Charities of a similar size with the same main cause include Freedom Resource Center for Independent Living Inc ($1.6m), Chapel House Inc ($1.6m) and Erv Community Center Foundation ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $119k (7.3% of expenses). Other salaries and wages came to $822k. It paid $7,500 in professional fundraising fees. At year end it held assets of $4.1m against liabilities of $180k, net assets of $3.9m. It reported 48 employees.