Valerie Fund

Analysis

Valerie Fund is a registered charity in United States, based in Maplewood, NJ. It received its IRS tax-exemption ruling in March 1979, 47 years ago. 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, Valerie Fund reported income of $8.6m and spending of $5.9m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.7m to $8.6m (+83%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 90%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Valerie Fund sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Cave City Nursing Home Inc ($8.6m), Putnam County Aging Program Inc ($8.6m) and Jackie Robinson Foundation Inc ($8.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $291k (4.9% of expenses). Other salaries and wages came to $900k. At year end it held assets of $19.4m against liabilities of $2.2m, net assets of $17.1m. It reported 12 employees.