Valley Inquiry Charter School

Analysis

Valley Inquiry Charter School is a registered charity in United States, based in Salem, OR. It received its IRS tax-exemption ruling in September 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Valley Inquiry Charter School reported income of $2.3m and spending of $1.8m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $2.3m (+90%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Valley Inquiry Charter School sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within OR. Charities of a similar size with the same main cause include Bci Inc ($2.3m), Great Aspirations Scholarship Program Inc ($2.3m) and Holy Trinity Montessori ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $148k (8.2% of expenses). Other salaries and wages came to $401k. At year end it held assets of $1.4m against liabilities of $23k, net assets of $1.4m. It reported 18 employees.