The Valley Center Opportunity Zone

Analysis

The Valley Center Opportunity Zone is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in January 2014, 12 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 June 2024, The Valley Center Opportunity Zone reported income of $161k and spending of $175k, spending 109% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $215k to $161k (-25%), an average of -5.6% a year. The sharpest change came in the year to June 2024, when income dropped by 25%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Valley Center Opportunity Zone sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within NV. Charities of a similar size with the same main cause include GLBT National Help Center Inc ($161k), Junior League of Corpus Christi Inc ($161k) and Greendale Main Street Inc ($161k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $35k (20% of expenses). Other salaries and wages came to $12k. At year end it held assets of $60k against liabilities of -$2,178, net assets of $63k. It reported 2 employees.