Valley Venture Mentoring Service Inc

Analysis

Valley Venture Mentoring Service Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Valley Venture Mentoring Service Inc reported income of $146k and spending of $223k, spending 153% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $568k to $146k (-74%), an average of -36% a year. The sharpest change came in the year to December 2021, when income dropped by 51%. Over the whole period it spent 150% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Valley Venture Mentoring Service Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 51st percentile within MA. Charities of a similar size with the same main cause include Lebanon Valley Rails-To-Trails Inc ($146k), Charleston Leaders Foundation Inc ($146k) and R a H Civic Association ($146k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.3% of the total. At year end it held assets of $113k against liabilities of $93k, net assets of $21k.