Valleywise Health Foundation

Analysis

Valleywise Health Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Valleywise Health Foundation reported income of $18.4m and spending of $13.5m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $18.4m (+708%), an average of +69% a year. The sharpest change came in the year to December 2021, when income rose by 185%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Valleywise Health Foundation sits at the 88th percentile: it is larger than about 88% 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 Heart Surgeons of Kansas City Inc ($18.3m), Affiliated Sante Group ($18.4m) and Tule River Indian Health Center Inc ($18.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $137k (1.0% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $15.2m against liabilities of $5.7m, net assets of $9.4m. It reported 18 employees.