Valley Senior Living

Analysis

Valley Senior Living is a registered charity in United States, based in Grand Forks, ND. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Valley Senior Living reported income of $4.2m and spending of $4.2m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.8m to $4.2m (+50%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 214%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Valley Senior Living sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within ND. Charities of a similar size with the same main cause include Living School Inc ($4.2m), Howard Garder Community Charter School ($4.2m) and Heartland Christian Schools Inc ($4.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $626k (15% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $13.8m against liabilities of $13.8m, net assets of $17k. It reported 1,256 employees.