Vera French Commons Inc

Analysis

Vera French Commons Inc is a registered charity in United States, based in Davenport, IA. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Vera French Commons Inc reported income of $56k and spending of $78k, spending 141% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $41k to $56k (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 155% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vera French Commons Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 19th percentile within IA. Charities of a similar size with the same main cause include Community Food Pantry Inc ($56k), Brookville Area Handivan Ministry ($56k) and Shine Healing Ministries ($56k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $487k against liabilities of $710k, net assets of -$223k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.