Valley Community Foundation Inc

Analysis

Valley Community Foundation Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Valley Community Foundation Inc reported income of $3.2m and spending of $3.1m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $3.2m (+6.2%), an average of +1.5% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Valley Community Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within CT. Charities of a similar size with the same main cause include CLC Foundation Inc ($3.2m), International Apostolic Missions ($3.2m) and Msufcu Desk Drawer Foundation ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. Compensation of current officers, directors and key employees was $203k (6.6% of expenses). Other salaries and wages came to $293k. At year end it held assets of $36.3m against liabilities of $13.3m, net assets of $23.0m. It reported 5 employees.