Valley of the Sun School Properties Two

Analysis

Valley of the Sun School Properties Two is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Valley of the Sun School Properties Two reported income of $57k and spending of $125k, spending 219% of what it took in. Across the 6 years on record, from June 2019 to September 2023, income fell from $76k to $57k (-25%), an average of -5.5% a year. The sharpest change came in the year to September 2021, when income rose by 232%. Over the whole period it spent 161% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Valley of the Sun School Properties Two sits at the 13th percentile: it is larger than about 13% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within AZ. Charities of a similar size with the same main cause include Home Buyers Assistance Foundation a Ne Non Profit Corp ($57k), West Central II Inc ($57k) and Shady Pines Apartments Inc ($57k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $519k against liabilities of $241k, net assets of $278k.

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.