Valley Opportunity Council Inc

Analysis

Valley Opportunity Council Inc is a registered charity in United States, based in Chicopee, MA. It received its IRS tax-exemption ruling in August 1980, 46 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, Valley Opportunity Council Inc reported income of $61.9m and spending of $59.3m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $34.4m to $61.9m (+80%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 51%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Valley Opportunity Council Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Fayette Resources Incorporated ($61.8m), Akron-Canton Regional Foodbank ($62.0m) and Legacy Treatment Services Inc ($61.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $182k (0.3% of expenses). Other salaries and wages came to $10.8m. At year end it held assets of $23.6m against liabilities of $9.4m, net assets of $14.1m. It reported 451 employees.