Valley Library Consortium Inc

Analysis

Valley Library Consortium Inc is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in February 1983, 43 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Valley Library Consortium Inc reported income of $480k and spending of $600k, spending 125% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $550k to $480k (-13%), an average of -3.4% a year. The sharpest change came in the year to June 2021, when income dropped by 23%. Over the whole period it spent 121% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Valley Library Consortium Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MI. Charities of a similar size with the same main cause include University of Toledo Alumni Association ($480k), Senia International ($480k) and Aquinas Classical Academy ($480k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $99k (17% of expenses). Other salaries and wages came to $171k. At year end it held assets of $575k against liabilities of $206k, net assets of $370k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.