Village at West Jefferson Inc

Analysis

Village at West Jefferson Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in March 2020, 6 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Village at West Jefferson Inc reported income of $221k and spending of $231k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $221k (-79%), an average of -32% a year. The sharpest change came in the year to December 2020, when income dropped by 79%. Over the whole period it spent 48% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Village at West Jefferson Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within KY. Charities of a similar size with the same main cause include Spokane Interstate Livestock Boosters ($221k), Kirksville Regional Economic Development Inc ($221k) and Nuvista Light & Electric Cooperative Inc ($220k).

At year end it held assets of $5.2m against liabilities of $4.2m, net assets of $1.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.