Valencia Community Action Network

Analysis

Valencia Community Action Network is a registered charity in United States, based in Los Lunas, NM. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, 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 June 2024, Valencia Community Action Network reported income of $64k and spending of $54k, spending 85% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $113k to $64k (-43%), an average of -43% a year. The sharpest change came in the year to June 2024, when income dropped by 43%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Valencia Community Action Network sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 21st percentile within NM. Charities of a similar size with the same main cause include Hearts of Wheels ($64k), National Charity League ($64k) and Midtown Neighbors Association Inc ($64k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $72k against liabilities of $0, net assets of $72k.