Valley Organizatn for Improved Comm & Equality for the Deaf

Analysis

Valley Organizatn for Improved Comm & Equality for the Deaf is a registered charity in United States, based in Midland, MI. It received its IRS tax-exemption ruling in August 1985, 41 years ago. 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, Valley Organizatn for Improved Comm & Equality for the Deaf reported income of $3.0m and spending of $2.8m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $3.0m (+60%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Valley Organizatn for Improved Comm & Equality for the Deaf sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within MI. Charities of a similar size with the same main cause include Women in Global Health Inc ($3.0m), Memorial Hospital Foundation ($3.0m) and Colony Retirement Homes Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $88k (3.1% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $1.2m against liabilities of $289k, net assets of $879k. It reported 106 employees.