Valleycast Inc

Analysis

Valleycast Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Valleycast Inc reported income of $253k and spending of $176k, leaving 30% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $234k to $253k (+7.9%), an average of +7.9% a year. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Valleycast Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include Residence Living of Trumbull County Inc ($253k), Clarkson Christian Daycare Foundation ($253k) and Marketplace of Ideas-Marketplace for Kids Inc ($253k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $97k. At year end it held assets of $174k against liabilities of $490k, net assets of -$315k.