Valley Village New Construction

Analysis

Valley Village New Construction is a registered charity in United States, based in Winnetka, CA. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Village New Construction reported income of $77k and spending of $130k, spending 169% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $75k to $77k (+2.2%), an average of +0.7% a year. Over the whole period it spent 149% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Valley Village New Construction sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within CA. Charities of a similar size with the same main cause include Revive Outreach Inc ($77k), Huntsville Partners & Associates Inc ($77k) and Choctaw Hope Development Corporation ($77k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 45% of the total. At year end it held assets of $479k against liabilities of $426k, net assets of $53k.

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.