Valley Apartments Inc

Analysis

Valley Apartments Inc is a registered charity in United States, based in Algona, IA. It received its IRS tax-exemption ruling in November 1993, 33 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 Apartments Inc reported income of $60k and spending of $58k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $96k to $60k (-38%), an average of -38% a year. The sharpest change came in the year to December 2023, when income dropped by 38%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Valley Apartments Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within IA. Charities of a similar size with the same main cause include New Music Institute of Kansas City Inc ($60k), Houston Metropolitan Paralegal Association ($60k) and Ukrainian National Womens League of America Inc ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $253k against liabilities of $244k, net assets of $9,810.