Gente de Venezuela

Analysis

Gente de Venezuela is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 2021, 5 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, Gente de Venezuela reported income of $55k and spending of $61k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $208k to $55k (-73%), an average of -73% a year. The sharpest change came in the year to December 2023, when income dropped by 73%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gente de Venezuela sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within PA. Charities of a similar size with the same main cause include Greater East St Louis Community Fund Inc ($55k), Techbuffalo Inc ($55k) and Junior League of Cincinnati Endowment Trust Fund ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 150% of the total. At year end it held assets of $5,207 against liabilities of $0, net assets of $5,207.