Valley Art Association

Analysis

Valley Art Association is a registered charity in United States, based in Forest Grove, OR. It received its IRS tax-exemption ruling in June 1974, 52 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, Valley Art Association reported income of $76k and spending of $88k, spending 116% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $47k to $76k (+61%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 92%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Valley Art Association sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 29th percentile within OR. Charities of a similar size with the same main cause include Amherst Glebe Arts Response Inc ($76k), Natural Resource Education Center at Moosehead ($76k) and Americans for the Arts Foundationinc ($76k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 21% of the total. Compensation of current officers, directors and key employees was $28k (31% of expenses). Other salaries and wages came to $5,003. At year end it held assets of $668k against liabilities of $286k, net assets of $382k. It reported 1 employees.

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.