Alcester Village Inc

Analysis

Alcester Village Inc is a registered charity in United States, based in Alcester, SD. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Alcester Village Inc reported income of $186k and spending of $229k, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $186k to $186k (-0.0%), an average of +-0.0% a year. Over the whole period it spent 126% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Alcester Village Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within SD. Charities of a similar size with the same main cause include Prairie Homes ($186k), Catalyst Development Corporation ($186k) and Inspire Counseling and Support Center Inc ($186k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $29k. At year end it held assets of $829k against liabilities of $501k, net assets of $327k. It reported 2 employees.

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.