Village Improvement Association Inc

Analysis

Village Improvement Association Inc is a registered charity in United States, based in Rehoboth BCH, DE. It received its IRS tax-exemption ruling in June 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Village Improvement Association Inc reported income of $167k and spending of $156k, spending 94% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $74k to $167k (+126%), an average of +22% a year. The sharpest change came in the year to May 2021, when income rose by 47%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Village Improvement Association Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 44th percentile within DE. Charities of a similar size with the same main cause include Hometown Service Coalition ($167k), Kendall Whittier Main Street Inc ($167k) and Safe City Place ($167k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 40% and program service revenue 13% of the total. At year end it held assets of $343k against liabilities of $1,225, net assets of $341k.