Valor Apartment Associates

Analysis

Valor Apartment Associates is a registered charity in United States, based in Tukwila, WA. It received its IRS tax-exemption ruling in March 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Valor Apartment Associates reported income of $202k and spending of $317k, spending 157% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $125k to $202k (+61%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 100%. Over the whole period it spent 241% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Valor Apartment Associates sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within WA. Charities of a similar size with the same main cause include Real Men Real Leaders Inc ($202k), Communitywide Charitiesincorporated ($202k) and McKenzies Mission Afh Inc ($202k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. At year end it held assets of $4.7m against liabilities of $6.1m, net assets of -$1.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.