Verona Community Center Inc

Analysis

Verona Community Center Inc is a registered charity in United States, based in Verona, VA. It received its IRS tax-exemption ruling in March 2019, 7 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, Verona Community Center Inc reported income of $112k and spending of $112k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $99k to $112k (+13%), an average of +13% a year. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Verona Community Center Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within VA. Charities of a similar size with the same main cause include Latin American Business Organization Inc ($112k), Chicago Women in Philanthropy ($112k) and Summit-University Planning Council ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 36% of the total. At year end it held assets of $472 against liabilities of $0, net assets of $472.