Villa Assumpta Inc

Analysis

Villa Assumpta Inc is a registered charity in United States, based in Palm BCH GDNS, FL. It received its IRS tax-exemption ruling in June 1993, 33 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2024, Villa Assumpta Inc reported income of $1.0m and spending of $1.0m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $649k to $1.0m (+60%), an average of +12% a year. The sharpest change came in the year to June 2024, when income rose by 26%. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Villa Assumpta Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Cabrini Gardens Senior Housing Development Fund Company Inc ($1.0m), Lauderdale Senior Services Inc ($1.0m) and Holly City Development Corporation ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 66% and program service revenue 32% of the total. Other salaries and wages came to $258k. At year end it held assets of $2.1m against liabilities of $57k, net assets of $2.0m. It reported 5 employees.