Valley Associates for Independent Living Inc

Analysis

Valley Associates for Independent Living Inc is a registered charity in United States, based in Harrisonburg, VA. It received its IRS tax-exemption ruling in March 1990, 36 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, Valley Associates for Independent Living Inc reported income of $970k and spending of $898k, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $791k to $970k (+23%), an average of +7.1% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Valley Associates for Independent Living Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include Laclede Association for Developmental Disabilities ($970k), Entrepreneurs Organization ($970k) and Pennsylvania Mental Health Consumers Association ($970k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $72k (8.0% of expenses). Other salaries and wages came to $522k. At year end it held assets of $500k against liabilities of $173k, net assets of $327k. It reported 17 employees.