Glacier Valley Transit

Analysis

Glacier Valley Transit is a registered charity in United States, based in Girdwood, AK. It received its IRS tax-exemption ruling in December 2011, 15 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, Glacier Valley Transit reported income of $556k and spending of $483k, spending 87% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $389k to $556k (+43%), an average of +13% a year. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Glacier Valley Transit sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 69th percentile within AK. Charities of a similar size with the same main cause include Neighbors Feeding Neighbors Food Ministry ($556k), Quarry Kids Child Care Center ($556k) and Warriors for Freedom Foundation ($556k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $258k. At year end it held assets of $537k against liabilities of $64k, net assets of $472k.