Valley Packaging Industries Inc

Analysis

Valley Packaging Industries Inc is a registered charity in United States, based in Appleton, WI. It received its IRS tax-exemption ruling in December 1958, 68 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Packaging Industries Inc reported income of $6.8m and spending of $7.2m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.7m to $6.8m (+1.4%), an average of +0.3% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Valley Packaging Industries Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within WI. Charities of a similar size with the same main cause include Charlotte Works ($6.8m), Exceed Enterprises Inc ($6.8m) and Reinvent Stockton Foundation ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $503k (7.0% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $11.1m against liabilities of $5.6m, net assets of $5.5m. It reported 637 employees.