Advent Christian Village Inc

Analysis

Advent Christian Village Inc is a registered charity in United States, based in Live Oak, FL. It received its IRS tax-exemption ruling in February 1949, 77 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, Advent Christian Village Inc reported income of $24.0m and spending of $27.6m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $26.1m to $24.0m (-7.9%), an average of -2.0% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Advent Christian Village Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Synergy Services Inc ($24.0m), Evergreen Retirement Community Inc ($24.0m) and Mease Life Inc ($24.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.7% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $769k (2.8% of expenses). Other salaries and wages came to $11.6m. At year end it held assets of $44.2m against liabilities of $6.6m, net assets of $37.6m. It reported 538 employees.