Valorfit

Analysis

Valorfit is a registered charity in United States, based in Winterset, IA. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Valorfit reported income of $120k and spending of $116k, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $36k to $120k (+234%), an average of +83% a year. The sharpest change came in the year to December 2023, when income rose by 115%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Valorfit sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within IA. Charities of a similar size with the same main cause include Brendens Friday Back Pack ($120k), Milky Way Educational and Cultural Association ($120k) and Lakeshore Community Pantry ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $146k against liabilities of $0, net assets of $146k.