Friends of Valley-Wide Foundation

Analysis

Friends of Valley-Wide Foundation is a registered charity in United States, based in Hemet, CA. It received its IRS tax-exemption ruling in January 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 December 2023, Friends of Valley-Wide Foundation reported income of $157k and spending of $39k, leaving 75% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $85k to $157k (+86%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 117%. Over the whole period it spent 56% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Valley-Wide Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 50th percentile within CA. Charities of a similar size with the same main cause include Concerns of Police Survivors ($157k), Lions Club of Taos Inc ($157k) and House of Heroes Inc ($157k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% of the total. At year end it held assets of $541k against liabilities of $1, net assets of $541k.