Park Village Inc

Analysis

Park Village Inc is a registered charity in United States, based in Harrisonburg, VA. It received its IRS tax-exemption ruling in May 1998, 28 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 March 2024, Park Village Inc reported income of $11.9m and spending of $12.2m, spending 103% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $8.4m to $11.9m (+41%), an average of +8.9% a year. The sharpest change came in the year to March 2024, when income rose by 29%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Park Village 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 96th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Young Mens Christian Association Youngstown Oh ($11.9m), Innovative Housing Development Corporation ($11.9m) and Good Samaritan Boys Ranch ($11.9m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $34.5m against liabilities of $53.4m, net assets of -$18.9m. It reported 109 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.