Valeo Vocation

Analysis

Valeo Vocation is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2022, Valeo Vocation reported income of $5.5m and spending of $4.9m, spending 89% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $832k to $5.5m (+565%), an average of +88% a year. The sharpest change came in the year to December 2020, when income rose by 94%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Valeo Vocation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within WA. Charities of a similar size with the same main cause include Downtown Phoenix Inc ($5.5m), River Valley Rescources Inc ($5.5m) and FCLT Co ($5.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 32% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $108k (2.2% of expenses). Other salaries and wages came to $3.6m. It paid $28k in professional fundraising fees. At year end it held assets of $1.8m against liabilities of $983k, net assets of $771k. It reported 495 employees.