Villageworx Inc

Analysis

Villageworx Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 2022, Villageworx Inc reported income of $1.4m and spending of $402k, leaving 71% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $105k to $1.4m (+1218%), an average of +1218% a year. The sharpest change came in the year to December 2022, when income rose by 1218%. Over the whole period it spent 33% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Villageworx Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Friends of Hih Inernational Inc ($1.4m), Menengage Global Alliance ($1.4m) and Junior Achievement of Greater Fairfield County Inc ($1.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 101% of the total. Other salaries and wages came to $66k. At year end it held assets of $2.5m against liabilities of $1.5m, net assets of $1.0m. It reported 2 employees.