The Valley Economic Alliance

Analysis

The Valley Economic Alliance is a registered charity in United States, based in Sherman Oaks, CA. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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, The Valley Economic Alliance reported income of $652k and spending of $822k, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $776k to $652k (-16%), an average of -4.3% a year. The sharpest change came in the year to June 2022, when income rose by 180%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Valley Economic Alliance sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Southold Dance Theater Inc ($652k), Arts Connect Houston ($652k) and Florida Litfest Inc ($652k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $166k (20% of expenses). Other salaries and wages came to $140k. At year end it held assets of $1.6m against liabilities of $72k, net assets of $1.6m. It reported 5 employees.