Community Foundation of the Valleys

Analysis

Community Foundation of the Valleys is a registered charity in United States, based in Sherman Oaks, CA. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Community Foundation of the Valleys reported income of $91k and spending of $108k, spending 118% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $96k to $91k (-4.8%), an average of -4.8% a year. Over the whole period it spent 79% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of the Valleys sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include Charitable Foundation of the Energy Bar Association ($91k), Woodland Public Charity ($91k) and Morris Memorial Foundation ($91k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 7.3% of the total. Compensation of current officers, directors and key employees was $44k (41% of expenses). Other salaries and wages came to $19k. At year end it held assets of $61k against liabilities of $0, net assets of $61k. It reported 2 employees.