Valeo Vocation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
Valeos purpose is to use employment as a tool to end homelessness for participants by providing transitional jobs subsidized employment vocational training comprehensive case management financial counseling career navigation and support services.
- Income
- $6.6 million
- Spending
- $6.7 million
- Spent on programs
- 83%
- Reserves
- -0.2 months of spending
- Largest source of income
- government grants, 62%
- Employees
- 312
- Volunteers
- 5
- Highest pay
- $177,929, executive director
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 49 out of 100. Higher than 19% of charities in its peer group (employment, $1m to $10m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
16 of 20It owes 25% of what it owns.
Living within its means
8 of 15Spending exceeded income by 1% of income.
Income trend
10 of 15Income fell 10% on the year before.
Spending floor
15 of 1583% of spending went to programs and raising each dollar of donations cost 3 cents.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 78 out of 100. Higher than 28% of charities in its peer group (employment, $1m to $10m).
Independent board
18 of 253 of 4 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
0 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $5.5 million spent. Workforce Housing & Shelter Operations: Managed multiple workforce shelter and housing sites including enhancing the Calyx Communities model. Upgraded the MLK site to accommodate 30 seasonal shelter participants and progressed with the development of the Altheimer site for couples housing. Continued overseeing shelter contracts in Olympia and Pierce County providing stable housing with comprehensive workforce support. In total Valeo assisted 1131 participants across our shelter programs. Workforce Development & Employment Services: Offered transitional and supported employment to 1024 individuals including 990 new participants in 2025. Of these 74% were unhoused upon intake 38% had justice involvement and 34% were managing behavioral health concerns. Re-Entry Services Pathways to Progress-PTP: Expanded Valeos inaugural specialized re-entry program in collaboration with Pierce County District Court. This program furnishes workforce and housing assistance to justice-impacted individuals engaged with the district court aiding 50 individuals through our innovative WorkCrew Program. Social Enterprise Development SED: Broadened commercial and nonprofit staffing operations yielding over 1,684,622.24 in earned income from contracts with three new employer partners in 2025: Tacoma Humane Society Superior Builders and Precision Iron Works.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since July 2019.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.