Friends of Valley Forge

Analysis

Friends of Valley Forge is a registered charity in United States, based in KNG of Prussa, PA. It received its IRS tax-exemption ruling in August 1977, 49 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 September 2023, Friends of Valley Forge reported income of $589k and spending of $339k, leaving 42% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $292k to $589k (+102%), an average of +19% a year. The sharpest change came in the year to September 2023, when income rose by 139%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Valley Forge sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within PA. Charities of a similar size with the same main cause include National Church Residences ($589k), Epworth by the Sea Endowment Foundation Incorporasted ($589k) and Fairfields Volunteer Fire Department Incorporated ($589k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 87% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $90k (27% of expenses). Other salaries and wages came to $23k. At year end it held assets of $772k against liabilities of $12k, net assets of $760k. It reported 6 employees.