Credence Village Inc

Analysis

Credence Village Inc is a registered charity in United States, based in Katy, TX. It received its IRS tax-exemption ruling in March 2019, 7 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, Credence Village Inc reported income of $820k and spending of $616k, leaving 25% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $288k to $820k (+185%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Credence Village Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Implementation Sciences International Inc ($820k), The Livestock Conservancy Inc ($820k) and The Lighthouse ($820k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $72k (12% of expenses). Other salaries and wages came to $2,450. At year end it held assets of $331k against liabilities of $0, net assets of $331k. It reported 3 employees.