Historic Valley Junction Foundation

Analysis

Historic Valley Junction Foundation is a registered charity in United States, based in WDM, IA. It received its IRS tax-exemption ruling in November 1990, 36 years ago. Its declared purposes cover community improvement and capacity building, 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, Historic Valley Junction Foundation reported income of $502k and spending of $558k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $740k to $502k (-32%), an average of -9.2% a year. The sharpest change came in the year to December 2020, when income dropped by 36%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Historic Valley Junction Foundation 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 73rd percentile within IA. Charities of a similar size with the same main cause include Southern Association of Student Financial Aid Administrators Inc ($502k), Assistance League of Inland North County ($502k) and Worksmith Institute ($502k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Other salaries and wages came to $153k. At year end it held assets of $344k against liabilities of $17k, net assets of $327k. It reported 4 employees.