Deep Sea Valkyries

Analysis

Deep Sea Valkyries is a registered charity in United States, based in Mesa, AZ. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 August 2023, Deep Sea Valkyries reported income of $176k and spending of $207k, spending 117% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income fell from $198k to $176k (-11%), an average of -11% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Deep Sea Valkyries sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within AZ. Charities of a similar size with the same main cause include Anna R Waterman Trust U W 001018-01 ($176k), Thomas Circle Singers ($176k) and New Palestine Band Boosters Association ($176k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $8,232 against liabilities of $954, net assets of $7,278.