Valley Educational Associates Inc

Analysis

Valley Educational Associates Inc is a registered charity in United States, based in Hatfield, MA. It received its IRS tax-exemption ruling in December 1982, 44 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 2024, Valley Educational Associates Inc reported income of $2.7m and spending of $2.6m, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.4m to $2.7m (+13%), an average of +3.2% a year. The sharpest change came in the year to June 2022, when income rose by 52%. 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 Educational Associates Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Northern Door Child Care Project Inc ($2.7m), Another Way Inc ($2.7m) and Advocates & Guardians for the Eldery & Disabled ($2.7m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $148k (5.7% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $1.6m against liabilities of $528k, net assets of $1.0m. It reported 83 employees.