Verde Valley Imagination Library

Analysis

Verde Valley Imagination Library is a registered charity in United States, based in Cottonwood, AZ. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Verde Valley Imagination Library reported income of $119k and spending of $70k, leaving 41% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $91k to $119k (+31%), an average of +9.4% a year. The sharpest change came in the year to June 2022, when income rose by 95%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Verde Valley Imagination Library sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within AZ. Charities of a similar size with the same main cause include Soroptimist International of the Americas Inc ($119k), Walden School Parent Teacher Organization Inc ($119k) and Society of the Citizens of Pozzallo United Inc ($119k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $6,858. At year end it held assets of $324k against liabilities of $104k, net assets of $220k.