Volant Community Development Corporation

Analysis

Volant Community Development Corporation is a registered charity in United States, based in Volant, PA. It received its IRS tax-exemption ruling in November 2005, 21 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Volant Community Development Corporation reported income of $235k and spending of $293k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $253k to $235k (-7.0%), an average of -1.8% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Volant Community Development Corporation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within PA. Charities of a similar size with the same main cause include Huron County Growth Partnership Charities ($235k), Main Street Renton ($236k) and Plaza Terrace Mutual Housing Association Inc ($235k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 93% of the total. Other salaries and wages came to $62k. At year end it held assets of $1.4m against liabilities of $145, net assets of $1.4m. It reported 7 employees.