University of Valley Forge of the Assemblies of God

Analysis

University of Valley Forge of the Assemblies of God is a registered charity in United States, based in Phoenixville, PA. It received its IRS tax-exemption ruling in July 1959, 67 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, University of Valley Forge of the Assemblies of God reported income of $18.3m and spending of $20.2m, spending 111% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income grew from $17.1m to $18.3m (+7.3%), an average of +2.4% a year. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University of Valley Forge of the Assemblies of God sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within PA. Charities of a similar size with the same main cause include Mid Michigan Community Action Agency Inc ($18.3m), Our House Inc ($18.3m) and Future Business Leaders of America Phi Beta Lambda Inc ($18.3m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 22% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $607k (3.0% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $31.1m against liabilities of $34.9m, net assets of -$3.8m. It reported 419 employees.