Clinch Valley Community Action Inc

Analysis

Clinch Valley Community Action Inc is a registered charity in United States, based in N Tazewell, VA. It received its IRS tax-exemption ruling in September 1965, 61 years ago. 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 2023, Clinch Valley Community Action Inc reported income of $7.4m and spending of $7.6m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.8m to $7.4m (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2020, when income rose by 36%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Clinch Valley Community Action Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include Life Enrichment Academy Inc ($7.4m), Kansas City Christian School Association ($7.4m) and Connecticut Student Loan Foundtion ($7.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $3.5m. At year end it held assets of $3.3m against liabilities of $784k, net assets of $2.5m. It reported 156 employees.