Valley Community Development Corporation

Analysis

Valley Community Development Corporation is a registered charity in United States, based in Northampton, MA. It received its IRS tax-exemption ruling in May 1989, 37 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Valley Community Development Corporation reported income of $4.2m and spending of $2.4m, leaving 43% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $4.2m (+53%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 103%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Valley Community Development Corporation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Sunset Park Redevelopment Committee Inc ($4.2m), Allentown Rescue Mission Inc ($4.2m) and Community Opportunity Fund ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 0.3% of the total. Other salaries and wages came to $657k. At year end it held assets of $27.0m against liabilities of $20.6m, net assets of $6.3m.