Cedar Valley Services Inc

Analysis

Cedar Valley Services Inc is a registered charity in United States, based in Austin, MN. It received its IRS tax-exemption ruling in April 1964, 62 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, Cedar Valley Services Inc reported income of $18.7m and spending of $16.8m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.6m to $18.7m (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cedar Valley Services Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include Westchester School for Special Children ($18.7m), Family Service of Montgomery County Pa ($18.8m) and Camino Health Center ($18.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.7% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $585k (3.5% of expenses). Other salaries and wages came to $8.1m. At year end it held assets of $28.6m against liabilities of $1.4m, net assets of $27.1m. It reported 579 employees.