Vermont Village Community Development Corporation Inc

Analysis

Vermont Village Community Development Corporation Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Vermont Village Community Development Corporation Inc reported income of $384k and spending of $328k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $239k to $384k (+60%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 69%. Over the whole period it spent 129% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Vermont Village Community Development Corporation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Lacasa Development Corporation ($384k), Augusta Community Center ($384k) and South Eastern North Carolina Community Development Corporation ($383k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $97k. At year end it held assets of $521k against liabilities of $97k, net assets of $425k. It reported 3 employees.