Upper Valley Services Inc

Analysis

Upper Valley Services Inc is a registered charity in United States, based in White River JCT, VT. It received its IRS tax-exemption ruling in April 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Upper Valley Services Inc reported income of $35.6m and spending of $35.0m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $24.2m to $35.6m (+47%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Upper Valley Services Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VT. Charities of a similar size with the same main cause include Catholic Charities of the Diocese of Santa Rosa ($35.5m), Lycoming-Clinton Counties Commission for Community Action ($35.7m) and Friendship Village of West County ($35.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $193k (0.6% of expenses). Other salaries and wages came to $9.4m. At year end it held assets of $9.0m against liabilities of $3.5m, net assets of $5.4m. It reported 226 employees.