Valleyfest

Analysis

Valleyfest is a registered charity in United States, based in Spokane Vly, WA. It received its IRS tax-exemption ruling in April 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 December 2023, Valleyfest reported income of $194k and spending of $199k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $184k to $194k (+5.8%), an average of +5.8% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Valleyfest sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within WA. Charities of a similar size with the same main cause include Little League Baseball Inc ($194k), Baja Love Outreach ($194k) and Habitat for Humanity International ($194k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. At year end it held assets of $52k against liabilities of $0, net assets of $52k.