Valorus

Analysis

Valorus is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in January 1984, 42 years ago. 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, Valorus reported income of $4.6m and spending of $4.5m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.6m to $4.6m (+27%), an average of +6.2% a year. The sharpest change came in the year to September 2020, when income rose by 48%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Valorus sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Swaniti Initiative ($4.6m), LA Raza Community Resource Center Inc ($4.6m) and Palmas Academy Inc ($4.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $183k (4.1% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $3.0m against liabilities of $537k, net assets of $2.5m. It reported 24 employees.