Valley Alliance of Mentors for

Analysis

Valley Alliance of Mentors for is a registered charity in United States, based in McAllen, TX. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Alliance of Mentors for reported income of $506k and spending of $446k, spending 88% of its income. Across the 5 years on record, from August 2019 to December 2023, income grew from $410k to $506k (+23%), an average of +5.4% a year. The sharpest change came in the year to August 2020, when income rose by 31%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Valley Alliance of Mentors for sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Stark County Minority Business Association ($506k), Middleton-Cross Plains Area School District Foundation Inc ($506k) and Nebraska Recycling Council ($506k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% of the total. Other salaries and wages came to $125k. At year end it held assets of $1.1m against liabilities of $63k, net assets of $1.1m. It reported 2 employees.