Valley Resource Center Inc

Analysis

Valley Resource Center Inc is a registered charity in United States, based in Hemet, CA. It received its IRS tax-exemption ruling in November 1982, 44 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Resource Center Inc reported income of $9.0m and spending of $8.8m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $8.6m to $9.0m (+3.9%), an average of +1.3% a year. The sharpest change came in the year to June 2022, when income dropped by 19%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Valley Resource Center Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Open Door Rehabilitation Center ($8.9m), Ability Counts Inc ($9.0m) and Spruce Root Inc ($8.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.8% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $100k (1.1% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $7.3m against liabilities of $7.3m, net assets of $75k. It reported 184 employees.