Valiant Living Incorporated

Analysis

Valiant Living Incorporated is a registered charity in United States, based in Madison, SD. It received its IRS tax-exemption ruling in October 1976, 50 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Valiant Living Incorporated reported income of $4.8m and spending of $4.3m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.4m to $4.8m (+41%), an average of +8.9% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Valiant Living Incorporated sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within SD. Charities of a similar size with the same main cause include Northern New England Employment Ser ($4.8m), Cobbworks Inc ($4.8m) and Northern Area Local Workforce Development Board ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $198k (4.6% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $5.0m against liabilities of $881k, net assets of $4.2m. It reported 113 employees.