Villages Inc

Analysis

Villages Inc is a registered charity in United States, based in Topeka, KS. It received its IRS tax-exemption ruling in October 1980, 46 years ago. 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, Villages Inc reported income of $8.6m and spending of $7.5m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.3m to $8.6m (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Villages Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within KS. Charities of a similar size with the same main cause include Diamond Head Theatre ($8.6m), Capital Certified Development Corporation ($8.6m) and YWCA White Plains & Central Westchester Inc ($8.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $101k (1.4% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $18.7m against liabilities of $616k, net assets of $18.0m. It reported 120 employees.