Vali Division of Wasatch-Lakecrest

Analysis

Vali Division of Wasatch-Lakecrest is a registered charity in United States, based in Woods Cross, UT. It received its IRS tax-exemption ruling in September 1991, 35 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 December 2023, Vali Division of Wasatch-Lakecrest reported income of $24.3m and spending of $22.9m, spending 94% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $20.8m to $24.3m (+17%), an average of +3.2% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vali Division of Wasatch-Lakecrest sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within UT. Charities of a similar size with the same main cause include Familyaid Boston Inc ($24.2m), Texas Public Policy Foundation ($24.3m) and Broadway Cares-Equity Fights AIDS Inc ($24.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $11k (0.0% of expenses). Other salaries and wages came to $10.0m. At year end it held assets of $34.4m against liabilities of $24.2m, net assets of $10.2m. It reported 482 employees.