Valley Village

Analysis

Valley Village is a registered charity in United States, based in Winnetka, CA. It received its IRS tax-exemption ruling in June 1974, 52 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Valley Village reported income of $24.9m and spending of $24.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.5m to $24.9m (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Valley Village 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 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Second Harvest Foodbank of the Mahoning Valley ($24.9m), Hospice of Wichita Falls Inc ($24.9m) and Sunbeam Family Services Inc ($24.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.2% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $392k (1.6% of expenses). Other salaries and wages came to $12.5m. At year end it held assets of $18.3m against liabilities of $3.7m, net assets of $14.6m. It reported 341 employees.