Valence College Preparatory Charter School

Analysis

Valence College Preparatory Charter School is a registered charity in United States, based in Queens, NY. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Valence College Preparatory Charter School reported income of $11.6m and spending of $12.6m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $628k to $11.6m (+1750%), an average of +107% a year. The sharpest change came in the year to June 2020, when income rose by 411%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Valence College Preparatory Charter School sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Cafa Inc ($11.6m), The Lpga Foundation ($11.6m) and University of North Florida Financing Corporation ($11.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $175k (1.4% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $55.8m against liabilities of $54.8m, net assets of $1.1m. It reported 82 employees.