Emergency Assistance and Food Bank of Valdez Inc

Analysis

Emergency Assistance and Food Bank of Valdez Inc is a registered charity in United States, based in Valdez, AK. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Emergency Assistance and Food Bank of Valdez Inc reported income of $126k and spending of $143k, spending 114% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $203k to $126k (-38%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 49%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Emergency Assistance and Food Bank of Valdez Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 38th percentile within AK. Charities of a similar size with the same main cause include Center for Regional Prosperity ($126k), Good Harvest Fraternal Group ($126k) and Farm Team Inc ($126k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $456k against liabilities of $218, net assets of $456k.