Valley Area Community Support Inc

Analysis

Valley Area Community Support Inc is a registered charity in United States, based in Staunton, VA. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Valley Area Community Support Inc reported income of $704k and spending of $476k, leaving 32% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $259k to $704k (+171%), an average of +28% a year. The sharpest change came in the year to June 2022, when income rose by 140%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Valley Area Community Support Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within VA. Charities of a similar size with the same main cause include Anchorage Hospice Inc ($704k), Act Now Foundation Inc ($704k) and Planned Lifetime Assistance Network of Pennsylvania ($704k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $47k (9.9% of expenses). Other salaries and wages came to $55k. At year end it held assets of $4.4m against liabilities of $3.4m, net assets of $978k. It reported 4 employees.