Valley Charities Inc

Analysis

Valley Charities Inc is a registered charity in United States, based in Emerson, NJ. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Valley Charities Inc reported income of $132k and spending of $124k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $7,500 to $132k (+1664%), an average of +1664% a year. The sharpest change came in the year to December 2023, when income rose by 1664%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Valley Charities Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 52nd percentile within NJ. Charities of a similar size with the same main cause include Friends of the Santa Rosa Libraries ($132k), Word Ministries Inc ($132k) and Walkertown Girls Softball Association ($132k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $9,153 against liabilities of $0, net assets of $9,153.