Adult Care Center of Roanoke Valley Inc

Analysis

Adult Care Center of Roanoke Valley Inc is a registered charity in United States, based in Salem, VA. It received its IRS tax-exemption ruling in September 1983, 43 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, Adult Care Center of Roanoke Valley Inc reported income of $804k and spending of $914k, spending 114% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $894k to $804k (-10%), an average of -2.6% a year. The sharpest change came in the year to September 2022, when income rose by 27%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Adult Care Center of Roanoke Valley Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within VA. Charities of a similar size with the same main cause include Sophias Hearth Family Center ($804k), Northside Inter-Community Agency Inc ($804k) and Concerned Citizens for the Community Inc ($804k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $91k (10% of expenses). Other salaries and wages came to $401k. At year end it held assets of $1.0m against liabilities of $422k, net assets of $597k. It reported 18 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.