Village Oduduwa Corporation of Marin City

Analysis

Village Oduduwa Corporation of Marin City is a registered charity in United States, based in Fairfax, CA. It received its IRS tax-exemption ruling in May 2012, 14 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Village Oduduwa Corporation of Marin City reported income of $548k and spending of $556k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $644k to $548k (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2022, when income dropped by 19%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Village Oduduwa Corporation of Marin City sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Child Network ($547k), Mhany 2005 Housing Development Fund Corporation ($548k) and San Antonio RHF Housing Inc ($547k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $96k (17% of expenses). Other salaries and wages came to $84k. At year end it held assets of $863k against liabilities of $753k, net assets of $110k. It reported 7 employees.