Cme-Southside Villas Inc

Analysis

Cme-Southside Villas Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in September 1980, 46 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cme-Southside Villas Inc reported income of $1.2m and spending of $1.5m, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.2m (-3.9%), an average of -1.0% a year. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cme-Southside Villas Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within TN. Charities of a similar size with the same main cause include Operation Rebuild Hope ($1.2m), Putnam Jasper Association for Mentally Handicapped Inc ($1.2m) and Northern Michigan Childrens Assessment Center ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $280k. At year end it held assets of $2.6m against liabilities of $8.8m, net assets of -$6.2m. It reported 15 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.