The Idea Village

Analysis

The Idea Village is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in January 2003, 23 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 (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, The Idea Village reported income of $1.8m and spending of $1.9m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.8m (+55%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Idea Village sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within LA. Charities of a similar size with the same main cause include Association of Womens Business Centers ($1.8m), Junior League of Dallas Inc ($1.8m) and Womens Opportunities Resource Center ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $182k (9.4% of expenses). Other salaries and wages came to $446k. At year end it held assets of $1.2m against liabilities of $403k, net assets of $778k. It reported 10 employees.