Village Rise Inc

Analysis

Village Rise Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in September 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 (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, Village Rise Inc reported income of $77k and spending of $97k, spending 126% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $43k to $77k (+79%), an average of +79% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Village Rise Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within MD. Charities of a similar size with the same main cause include Dewitt County Development Council ($77k), Downtown Camp Hill Association ($77k) and New Providence Downtown Improvement District Inc ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $52k against liabilities of $193, net assets of $52k.