Valeries House Inc

Analysis

Valeries House Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Valeries House Inc reported income of $3.3m and spending of $2.6m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $3.3m (+174%), an average of +29% a year. The sharpest change came in the year to December 2021, when income rose by 143%. Over the whole period it spent 56% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Valeries House Inc 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 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Seacoast Community School ($3.3m), Leon Advocacy and Resource Center Inc ($3.3m) and Transformations by Austin Angels ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $163k (6.3% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $6.9m against liabilities of $288k, net assets of $6.6m. It reported 51 employees.