Visions of Truth Community Develepoment Corporation

Analysis

Visions of Truth Community Develepoment Corporation is a registered charity in United States, based in Portsmouth, VA. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Visions of Truth Community Develepoment Corporation reported income of $148k and spending of $192k, spending 130% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $249k to $148k (-40%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 95% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Visions of Truth Community Develepoment Corporation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 46th percentile within VA. Charities of a similar size with the same main cause include Sustainable Berea Inc ($148k), Ouachita Green ($148k) and Albemarle Resource Conservation and Development Council ($148k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. At year end it held assets of $71k against liabilities of $84k, net assets of -$13k.