Verona Community Center

Analysis

Verona Community Center is a registered charity in United States, based in Aurora, MO. It received its IRS tax-exemption ruling in February 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Verona Community Center reported income of $128k and spending of $274k, spending 214% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $322k to $128k (-60%), an average of -37% a year. The sharpest change came in the year to December 2022, when income dropped by 41%. Over the whole period it spent 95% 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 sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within MO. Charities of a similar size with the same main cause include Hospitality Employees Advancement and Training Inc ($128k), East Meadow Kiwanis Foundation Inc ($128k) and Christian Womens Job Corp of Nacogdoches ($128k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $128k against liabilities of $0, net assets of $128k.