Valvoline Instant Oil Change Hands on Assistance Fund Inc

Analysis

Valvoline Instant Oil Change Hands on Assistance Fund Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Valvoline Instant Oil Change Hands on Assistance Fund Inc reported income of $163k and spending of $142k, spending 87% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $223k to $163k (-27%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 40%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Valvoline Instant Oil Change Hands on Assistance Fund Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within KY. Charities of a similar size with the same main cause include Larchmont Friends of the Family ($163k), Institute for Commercialization of Florida Technology Inc ($163k) and Junior League of Chattanooga Inc ($163k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $137k against liabilities of $0, net assets of $137k.