Myvillage Project

Analysis

Myvillage Project is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in November 2021, 5 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 December 2023, Myvillage Project reported income of $578k and spending of $648k, spending 112% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $508k to $578k (+14%), an average of +6.7% a year. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Myvillage Project sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Sheet Metal Workers Local No 4 Apprentice Training ($577k), New Century Careers ($578k) and Columbus Music Commission ($577k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.7% of the total. At year end it held assets of $235k against liabilities of $1,300, net assets of $234k. It reported 8 employees.