Valley Consortium for Medical Education

Analysis

Valley Consortium for Medical Education is a registered charity in United States, based in Modesto, CA. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Consortium for Medical Education reported income of $10.6m and spending of $10.6m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.3m to $10.6m (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Valley Consortium for Medical Education sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Saw Inc ($10.6m), Job Path Inc ($10.6m) and Workforce Essentials Inc ($10.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $364k (3.4% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $7.2m against liabilities of $7.2m, net assets of $30k. It reported 81 employees.