Friends of Valence Prep Inc

Analysis

Friends of Valence Prep Inc is a registered charity in United States, based in Queens, NY. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Friends of Valence Prep Inc reported income of $3.3m and spending of $3.1m, spending 94% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $3.1m to $3.3m (+6.4%), an average of +6.4% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Valence Prep Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Highland Park Presbyterian Dayschool ($3.3m), Greentree Prep Charter School ($3.3m) and Depaul School Inc ($3.3m).

At year end it held assets of $46.1m against liabilities of $45.7m, net assets of $417k.