Valley Grande Institute for Academic Studies

Analysis

Valley Grande Institute for Academic Studies is a registered charity in United States, based in Weslaco, TX. It received its IRS tax-exemption ruling in August 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Valley Grande Institute for Academic Studies reported income of $3.7m and spending of $3.9m, spending 104% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $4.2m to $3.7m (-12%), an average of -4.1% a year. The sharpest change came in the year to December 2020, when income dropped by 24%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Valley Grande Institute for Academic Studies sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Des Moines Electrical Apprenticeship Training Trust ($3.7m), San Francisco Education Fund ($3.7m) and A Knock at Midnight Inc ($3.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 14% and program service revenue 86% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $6.7m against liabilities of $2.5m, net assets of $4.1m. It reported 46 employees.