Valley Program for Aging Services Inc

Analysis

Valley Program for Aging Services Inc is a registered charity in United States, based in Waynesboro, VA. It received its IRS tax-exemption ruling in September 1974, 52 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Valley Program for Aging Services Inc reported income of $4.0m and spending of $4.0m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.2m to $4.0m (+26%), an average of +6.0% a year. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Valley Program for Aging Services Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Kid Net Foundation ($4.0m), The World Orphan Fund Inc ($4.0m) and This Works Inc ($4.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $82k (2.1% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $3.2m against liabilities of $590k, net assets of $2.6m. It reported 72 employees.