Valdez Arts Council Inc

Analysis

Valdez Arts Council Inc is a registered charity in United States, based in Valdez, AK. It received its IRS tax-exemption ruling in August 1975, 51 years ago. 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 2024, Valdez Arts Council Inc reported income of $56k and spending of $50k, spending 89% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $53k to $56k (+5.2%), an average of +5.2% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Valdez Arts Council Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 16th percentile within AK. Charities of a similar size with the same main cause include Trust Two ($56k), PTA Georgia Congress ($56k) and Chippewa Local Excellence for Education Foundation ($56k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 67% and program service revenue 27% of the total. At year end it held assets of $58k against liabilities of $0, net assets of $58k.