Village of Germatown Inc

Analysis

Village of Germatown Inc is a registered charity in United States, based in Germantown, TN. It received its IRS tax-exemption ruling in April 2003, 23 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 December 2023, Village of Germatown Inc reported income of $25.8m and spending of $30.2m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $25.9m to $25.8m (-0.1%), an average of +-0.0% a year. Over the whole period it spent 118% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Village of Germatown Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include BPH Holding Co Inc ($25.8m), Circle the City ($25.8m) and Jewish Community Center ($25.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $660k (2.2% of expenses). Other salaries and wages came to $11.5m. At year end it held assets of $92.8m against liabilities of $155.5m, net assets of -$62.7m. It reported 466 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.