Valleylife

Analysis

Valleylife is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in August 1953, 73 years ago. Its declared purposes cover employment, which this site groups under community and economic 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 September 2023, Valleylife reported income of $20.9m and spending of $17.8m, spending 85% of its income. Across the 6 years on record, from June 2019 to September 2023, income grew from $16.3m to $20.9m (+28%), an average of +5.1% a year. The sharpest change came in the year to September 2021, when income rose by 317%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Valleylife sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within AZ. Charities of a similar size with the same main cause include Orpheum Theatre Group ($20.9m), Tallatoona Community Action Partnership Inc ($20.9m) and Pennyrile Allied Community Services Inc ($20.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $480k (2.7% of expenses). Other salaries and wages came to $12.3m. At year end it held assets of $15.1m against liabilities of $3.7m, net assets of $11.3m. It reported 649 employees.