Valverde Inc

Analysis

Valverde Inc is a registered charity in United States, based in Culver City, CA. It received its IRS tax-exemption ruling in March 1984, 42 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Valverde Inc reported income of $205k and spending of $275k, spending 135% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $233k to $205k (-12%), an average of -3.2% a year. Over the whole period it spent 129% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Valverde Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Southeast Casa Program ($205k), DSM Mutual Aid ($205k) and Harlem One Stop Inc ($205k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. At year end it held assets of $237k against liabilities of $1.0m, net assets of -$768k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.