Valley Wellness Center Inc

Analysis

Valley Wellness Center Inc is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in February 1984, 42 years ago. 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, Valley Wellness Center Inc reported income of $2.4m and spending of $2.4m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.8m to $2.4m (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2020, when income dropped by 45%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Valley Wellness Center Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within VA. Charities of a similar size with the same main cause include The Odessa Fire Company ($2.4m), Our School ($2.4m) and Long Island Gay and Lesbian Youth Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $5.4m against liabilities of $151k, net assets of $5.2m. It reported 69 employees.