Valley of the Sun School Properties Three

Analysis

Valley of the Sun School Properties Three is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in September 1997, 29 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 Three reported income of $93k and spending of $130k, spending 139% of what it took in. Across the 6 years on record, from June 2019 to September 2023, income grew from $78k to $93k (+19%), an average of +3.6% a year. The sharpest change came in the year to September 2021, when income rose by 300%. Over the whole period it spent 148% 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 Three sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 32nd percentile within AZ. Charities of a similar size with the same main cause include McKee Street Apartments ($93k), Partners in Action Inc ($93k) and Wilmiingtons Residential Adolescent Achievement Place ($93k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $567k against liabilities of $423k, net assets of $144k.

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.