DVRC Inc

Analysis

DVRC Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in July 1996, 30 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 June 2024, DVRC Inc reported income of $1.1m and spending of $1.2m, spending 108% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $827k to $1.1m (+36%), an average of +6.4% a year. The sharpest change came in the year to June 2023, when income rose by 78%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, DVRC Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within NM. Charities of a similar size with the same main cause include Clemson Community Care Inc ($1.1m), Association for Persons with Intellectual Disabilities ($1.1m) and Greater Expectations Learning Center ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $72k (5.9% of expenses). Other salaries and wages came to $628k. At year end it held assets of $865k against liabilities of $136k, net assets of $728k. It reported 19 employees.