Valley Light Industries Inc

Analysis

Valley Light Industries Inc is a registered charity in United States, based in Azusa, CA. It received its IRS tax-exemption ruling in April 1971, 55 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 June 2023, Valley Light Industries Inc reported income of $4.1m and spending of $3.2m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.1m to $4.1m (-1.3%), an average of -0.3% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Valley Light Industries Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include International Needs ($4.1m), Community Options & Resources ($4.1m) and YWCA of Rhode Island ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $159k (4.9% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $2.5m against liabilities of $687k, net assets of $1.8m. It reported 100 employees.