Friends of Village X Inc

Nonprofit profile at a glance

EIN
471845825
IRS 990-EZ coverage
2019–2024
Forms available
Form 990-EZ 2024, Form 990-N 2018
Location
Washington, DC, USA
Phone
2023609931
Rating
97
Verdict
STRONG
Rating confidence
Moderate
Sector
International Economic Development

Official website

Reported finances

Revenue
$120,536
Expenses
$121,692
Assets
$60,739
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Michael Buckler (CEO & Board Member)

People named in this filing

  • Michael Buckler (CEO & Board Member)
  • Jeff DePree (CTO)
  • Jesse Corradi (CFO)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Village X crowdfunds donations for village-led development projects in Malawi. We are currently a 100% volunteer organization, which allows us to keep our fixed costs low and deliver as much donation money as possible to extreme poverty villages in rural Malawi in the form of grants. Villages also contribute their hard-earned cash to finance these projects.

What it reported doing in 2024

Village X disbursed grants for multiple community-led projects in rural Malawi, such as water wells, nursery schools, and solar charging stations. A registered Malawian NGO facilitated identification of projects, delivery of grants to villages, and the reporting of project impacts via smartphone. As we have done in previous years, we posted pictures and videos of projects to our website and sent email notifications to donors so that they could see the direct impacts of their giving.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 99% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 100
  • Sustainability: 42
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -1%; rating input score 30; 30th percentile among comparable filings
  • Total-asset coverage ratio: 0.5; rating input score 38; 38th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 80.9% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: 14.8% per year; rating input score 100; 77th percentile among comparable filings
  • Asset growth: 22% per year; rating input score 100; 82nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $122K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Operating margin scored 30/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 38/100.