Roanoke Valley Speech and Hearing Center Inc

Analysis

Roanoke Valley Speech and Hearing Center Inc is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in June 1962, 64 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2024, Roanoke Valley Speech and Hearing Center Inc reported income of $1.2m and spending of $1.2m, spending 104% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.1m to $1.2m (+1.2%), an average of +0.2% a year. The sharpest change came in the year to June 2021, when income dropped by 15%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Roanoke Valley Speech and Hearing Center Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within VA. Charities of a similar size with the same main cause include Healthy Start Coalition of Jefferson Madison Taylor CNTS Inc ($1.2m), Pennsylvania Institute for Community Living Inc ($1.2m) and LCHC Support Corporation ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $70k (5.8% of expenses). Other salaries and wages came to $532k. At year end it held assets of $573k against liabilities of $167k, net assets of $405k. It reported 20 employees.