Valo

Analysis

Valo is a registered charity in United States, based in Freeport, ME. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Valo reported income of $289k and spending of $647k, spending 224% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.6m to $289k (-89%), an average of -42% a year. The sharpest change came in the year to December 2020, when income dropped by 93%. Over the whole period it spent 74% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Valo sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 56th percentile within ME. Charities of a similar size with the same main cause include Conejo Valley Little League Inc ($289k), Patrick Andrew Shifflett Character & Educational Scholarship Foundati ($290k) and Empowering the Ages Inc ($289k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $128k (20% of expenses). Other salaries and wages came to $308k. At year end it held assets of $954k against liabilities of $31k, net assets of $922k. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.