Valtarese Foundation Inc

Analysis

Valtarese Foundation Inc is a registered charity in United States, based in Astoria, NY. It received its IRS tax-exemption ruling in October 1991, 35 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Valtarese Foundation Inc reported income of $200k and spending of $81k, leaving 59% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $200k (+185%), an average of +185% a year. The sharpest change came in the year to December 2023, when income rose by 185%. Over the whole period it spent 46% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Valtarese Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include David Clifton Ministries Inc ($200k), Apostolos Missions International ($200k) and Abide Christian Fellowship Inc ($200k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $325k against liabilities of $0, net assets of $325k.