Val Verde Training Center

Analysis

Val Verde Training Center is a registered charity in United States, based in Del Rio, TX. It received its IRS tax-exemption ruling in September 1967, 59 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Val Verde Training Center reported income of $362k and spending of $357k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $304k to $362k (+19%), an average of +9.1% a year. The sharpest change came in the year to December 2022, when income rose by 15%. 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, Val Verde Training Center sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Project Talk Inc ($362k), Walter M Matthews & John M Sheehan Metal Lathers Loc 46 SCHLRSHP Fund ($362k) and Quality Independent Living Corp ($362k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $66k (18% of expenses). Other salaries and wages came to $196k. At year end it held assets of $83k against liabilities of $49k, net assets of $33k.