Valley Residential Services

Analysis

Valley Residential Services is a registered charity in United States, based in Wasilla, AK. It received its IRS tax-exemption ruling in July 1999, 27 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 (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 Residential Services reported income of $6.2m and spending of $5.7m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $6.2m (+279%), an average of +40% a year. The sharpest change came in the year to June 2023, when income rose by 73%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Valley Residential Services sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within AK. Charities of a similar size with the same main cause include Socayr Inc ($6.2m), North Shore Community Development Coalition Inc ($6.2m) and Brookdale Village Housing Corporation ($6.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $153k (2.7% of expenses). Other salaries and wages came to $292k. At year end it held assets of $8.2m against liabilities of $1.7m, net assets of $6.5m. It reported 23 employees.