Village Acquisition III

Analysis

Village Acquisition III is a registered charity in United States, based in Winnetka, CA. It received its IRS tax-exemption ruling in August 1990, 36 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Village Acquisition III reported income of $80k and spending of $107k, spending 134% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $79k to $80k (+0.8%), an average of +0.3% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 142% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Village Acquisition III sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within CA. Charities of a similar size with the same main cause include St Vincent de Paul Conference of Sacred Heart Catholic Church ($80k), Rush County Community Assistance ($80k) and National League of Young Men Inc ($80k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 45% of the total. At year end it held assets of $602k against liabilities of $273k, net assets of $330k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.