Vail Valley Foundation Inc

Analysis

Vail Valley Foundation Inc is a registered charity in United States, based in Avon, CO. It received its IRS tax-exemption ruling in March 1982, 44 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 May 2023, Vail Valley Foundation Inc reported income of $16.3m and spending of $17.3m, spending 106% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income fell from $20.4m to $16.3m (-20%), an average of -7.2% a year. The sharpest change came in the year to May 2022, when income rose by 77%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Vail Valley Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CO. Charities of a similar size with the same main cause include Community Action Program Commission of the Lancaster-Fairfield County ($16.3m), Oweesta Corporation ($16.4m) and Alternative Community Training Inc ($16.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 51% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $1.3m (7.8% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $23.1m against liabilities of $8.6m, net assets of $14.5m. It reported 241 employees.