Valeo Inc

Analysis

Valeo Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in January 1995, 31 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Valeo Inc reported income of $993k and spending of $868k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $519k to $993k (+91%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 38%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Valeo Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within SC. Charities of a similar size with the same main cause include Hope of the Poor Inc ($993k), Candeo Counseling Center Inc ($994k) and Lincoln Heights Outreach Inc ($992k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $95k (11% of expenses). Other salaries and wages came to $506k. At year end it held assets of $751k against liabilities of $155k, net assets of $596k. It reported 14 employees.