Villa Nazareth

Analysis

Villa Nazareth is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in June 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Villa Nazareth reported income of $25.6m and spending of $21.2m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $23.5m to $25.6m (+9.1%), an average of +2.2% a year. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Villa Nazareth sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within AZ. Charities of a similar size with the same main cause include Region IV Area Agency on Aging Inc ($25.6m), Food for Education Foundation Inc ($25.7m) and Center for Transforming Lives ($25.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.1% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $485k (2.3% of expenses). Other salaries and wages came to $13.6m. At year end it held assets of $25.8m against liabilities of $2.3m, net assets of $23.5m. It reported 523 employees.