Vallonia Industries

Analysis

Vallonia Industries is a registered charity in United States, based in Meadville, PA. It received its IRS tax-exemption ruling in March 1965, 61 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 2023, Vallonia Industries reported income of $2.4m and spending of $2.0m, spending 83% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.1m to $2.4m (+13%), an average of +4.1% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Vallonia Industries sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within PA. Charities of a similar size with the same main cause include Faith in Florida Inc ($2.4m), Northwestern Pennsylvania Industrial Resource Center Inc ($2.4m) and Wayne County Community Services Organization Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $138k (6.9% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $3.7m against liabilities of $101k, net assets of $3.6m. It reported 139 employees.