Village Exchange Center Inc

Analysis

Village Exchange Center Inc is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Exchange Center Inc reported income of $5.0m and spending of $5.1m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $822k to $5.0m (+504%), an average of +57% a year. The sharpest change came in the year to December 2020, when income rose by 1543%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Village Exchange Center Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CO. Charities of a similar size with the same main cause include Family Involvement Center ($5.0m), Miracle Food Network Inc ($5.0m) and Creative Living Options Inc ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $454k (8.9% of expenses). Other salaries and wages came to $582k. At year end it held assets of $4.6m against liabilities of $521k, net assets of $4.1m. It reported 19 employees.