Valley Contractors Workforce Foundation

Analysis

Valley Contractors Workforce Foundation is a registered charity in United States, based in Chico, CA. It received its IRS tax-exemption ruling in August 2022, 4 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 December 2023, Valley Contractors Workforce Foundation reported income of $304k and spending of $329k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $312k to $304k (-2.8%), an average of -2.8% a year. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Valley Contractors Workforce Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Kerr-Tar Economic Development Corporation ($304k), North Palm Beach County Jewish Community Campus Corporation ($304k) and Nickelsville ($303k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $3,333 (1.0% of expenses). Other salaries and wages came to $107k. At year end it held assets of $351k against liabilities of $151k, net assets of $199k. It reported 4 employees.