Valley Charities Inc

Analysis

Valley Charities Inc is a registered charity in United States, based in Wasilla, AK. It received its IRS tax-exemption ruling in December 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 June 2023, Valley Charities Inc reported income of $14.9m and spending of $15.3m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $14.9m (+684%), an average of +67% a year. The sharpest change came in the year to June 2021, when income rose by 2639%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Valley Charities Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within AK. Charities of a similar size with the same main cause include Keystone Blind Association ($14.8m), Cascade Housing Association ($14.9m) and Halo Flight Inc ($14.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $160k (1.1% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $2.5m against liabilities of $969k, net assets of $1.5m. It reported 50 employees.