Village Agricultural Cooperative

Analysis

Village Agricultural Cooperative is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Village Agricultural Cooperative reported income of $219k and spending of $215k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $122k to $219k (+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 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Village Agricultural Cooperative sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within MN. Charities of a similar size with the same main cause include Selfless Solutions ($219k), Free Rain International Inc ($219k) and Community in Action Network Inc ($219k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $77k (36% of expenses). Other salaries and wages came to $48k. It paid $488 in professional fundraising fees. At year end it held assets of $62k against liabilities of $0, net assets of $62k. It reported 9 employees.