Happy Valley East

Analysis

Happy Valley East is a registered charity in United States, based in San Tan Vly, AZ. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Happy Valley East reported income of $4.5m and spending of $4.4m, spending 97% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $5.2m to $4.5m (-12%), an average of -12% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Happy Valley East 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 92nd percentile, and in the 89th percentile within AZ. Charities of a similar size with the same main cause include Rio Grande Bible Institute Inc ($4.5m), Palos Verdes Peninsula Education Foundation ($4.5m) and Growth Public Schools ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $80k (1.8% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $4.3m against liabilities of $2.6m, net assets of $1.7m. It reported 172 employees.