Valley Health Associates

Analysis

Valley Health Associates is a registered charity in United States, based in Salinas, CA. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Valley Health Associates reported income of $2.0m and spending of $1.9m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $728k to $2.0m (+177%), an average of +29% a year. The sharpest change came in the year to June 2020, when income rose by 105%. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Valley Health Associates 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 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Northwest North Dakota Community Foundation Inc ($2.0m), Gulf Coast Community Foundation Inc ($2.0m) and Adams County Community Foundation Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $179k (9.6% of expenses). Other salaries and wages came to $835k. At year end it held assets of $3.0m against liabilities of $333k, net assets of $2.7m. It reported 42 employees.