Valley Groove Productions Inc

Analysis

Valley Groove Productions Inc is a registered charity in United States, based in Wheeling, WV. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Valley Groove Productions Inc reported income of $59k and spending of $59k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $58k to $59k (+1.7%), an average of +1.7% a year. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Valley Groove Productions Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within WV. Charities of a similar size with the same main cause include Texas Irish Foundation ($59k), Chop4change ($59k) and Etiwanda Excellence in Education Foundation ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 119% of the total. At year end it held assets of $21k against liabilities of $0, net assets of $21k.