Valley Homes and Services

Analysis

Valley Homes and Services is a registered charity in United States, based in Grand Forks, ND. It received its IRS tax-exemption ruling in October 1947, 79 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Valley Homes and Services reported income of $36.1m and spending of $34.1m, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $27.4m to $36.1m (+32%), an average of +7.1% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Valley Homes and Services sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within ND. Charities of a similar size with the same main cause include Downtown Bronx Medical Associates PC ($36.1m), Horizon Health Care Inc ($36.1m) and The Longwood Collective Inc ($36.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.2% and program service revenue 97% of the total. Other salaries and wages came to $18.7m. At year end it held assets of $32.5m against liabilities of $14.0m, net assets of $18.5m.