Villagereach

Analysis

Villagereach is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Villagereach reported income of $18.8m and spending of $25.0m, spending 133% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $19.7m to $18.8m (-4.6%), an average of -1.2% a year. The sharpest change came in the year to September 2023, when income dropped by 51%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Villagereach sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within WA. Charities of a similar size with the same main cause include Commonwealth School Inc ($18.8m), The Center for Collaborative Research Inc ($18.8m) and Reach University ($18.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 65% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $929k (3.7% of expenses). Other salaries and wages came to $10.6m. At year end it held assets of $25.5m against liabilities of $2.2m, net assets of $23.3m. It reported 62 employees.