Valentine Court II Inc

Analysis

Valentine Court II Inc is a registered charity in United States, based in SN Luis Obisp, CA. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Valentine Court II Inc reported income of $137k and spending of $168k, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $129k to $137k (+6.2%), an average of +1.5% a year. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Valentine Court II Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 47th percentile within CA. Charities of a similar size with the same main cause include Bridge Housing Corporation ($137k), Reading Residential Programs Inc ($137k) and Grand Marais Citizens Housing Authority Inc ($137k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 52% of the total. Other salaries and wages came to $33k. At year end it held assets of $904k against liabilities of $14k, net assets of $889k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.