Valley AFC Inc

Analysis

Valley AFC Inc is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Valley AFC Inc reported income of $515k and spending of $706k, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $397k to $515k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2021, when income rose by 122%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Valley AFC Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within VA. Charities of a similar size with the same main cause include Northern Steel Select Soccer Inc ($515k), Otoe County Agricultural Society ($515k) and Carroll Athletic Booster Club ($515k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $37k (5.2% of expenses). Other salaries and wages came to $39k. At year end it held assets of $742k against liabilities of $395k, net assets of $346k. It reported 4 employees.