Villa Madonna Inc

Analysis

Villa Madonna Inc is a registered charity in United States, based in Palm BCH GDNS, FL. It received its IRS tax-exemption ruling in August 1996, 30 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 Madonna Inc reported income of $1.2m and spending of $1.4m, spending 114% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $858k to $1.2m (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Villa Madonna Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Middlesex North Resource Center Inc ($1.2m), Waterbury First Church Housing Inc ($1.2m) and Gesu Housing Inc ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 75% and program service revenue 23% of the total. Other salaries and wages came to $237k. At year end it held assets of $3.2m against liabilities of $51k, net assets of $3.2m. It reported 5 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.