Valley Health Systems Inc

Analysis

Valley Health Systems Inc is a registered charity in United States, based in Holyoke, MA. It received its IRS tax-exemption ruling in March 1986, 40 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Valley Health Systems Inc reported income of $4.4m and spending of $5.1m, spending 116% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $4.8m to $4.4m (-7.6%), an average of -2.0% a year. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Valley Health Systems Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Cleveland Va Medical Research and Education Foundation ($4.4m), Grace Inspired Ministries ($4.4m) and Ronald McDonald House Charities of South Florida Inc ($4.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.4% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $1.3m (26% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $11.4m against liabilities of $1.0m, net assets of $10.4m. It reported 17 employees.

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.