Valentine Foundation Inc

Analysis

Valentine Foundation Inc is a registered charity in United States, based in Bloomfield, NJ. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Valentine Foundation Inc reported income of $107k and spending of $95k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $108k to $107k (-0.7%), an average of -0.2% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Valentine Foundation Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 47th percentile within NJ. Charities of a similar size with the same main cause include Ashmore Homes Inc ($107k), Lunous ($107k) and Holy Trinity Apartments Inc ($107k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% of the total. Compensation of current officers, directors and key employees was $45k (48% of expenses). Other salaries and wages came to $20k. At year end it held assets of $124k against liabilities of $0, net assets of $124k. It reported 2 employees.