Village Friends Inc

Analysis

Village Friends Inc is a registered charity in United States, based in Corry, PA. It received its IRS tax-exemption ruling in July 2014, 12 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 June 2023, Village Friends Inc reported income of $105k and spending of $97k, spending 92% of its income. Across the 2 years on record, from June 2020 to June 2023, income fell from $328k to $105k (-68%), an average of -68% a year. The sharpest change came in the year to June 2023, when income dropped by 68%. Over the whole period it spent 39% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Village Friends Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within PA. Charities of a similar size with the same main cause include Salem Area Special Needs Association ($105k), Kane County Cheifs of Police Association ($105k) and Bath County Christmas Mother Inc ($105k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $52k. At year end it held assets of $389k against liabilities of $0, net assets of $389k.