Valley Initiative for Development and Advancement

Analysis

Valley Initiative for Development and Advancement is a registered charity in United States, based in Mercedes, TX. It received its IRS tax-exemption ruling in September 1996, 30 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 (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, Valley Initiative for Development and Advancement reported income of $3.3m and spending of $3.0m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.1m to $3.3m (+59%), an average of +12% a year. The sharpest change came in the year to September 2023, when income rose by 31%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Valley Initiative for Development and Advancement sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Chicago Center for Arts and Technology Inc ($3.3m), The Chehalis Foundation ($3.3m) and Heartland Workforce Investment Boar ($3.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $153k (5.0% of expenses). Other salaries and wages came to $499k. At year end it held assets of $2.7m against liabilities of $1.5m, net assets of $1.2m. It reported 14 employees.