Valiant Air Command Inc

Analysis

Valiant Air Command Inc is a registered charity in United States, based in Titusville, FL. It received its IRS tax-exemption ruling in March 1980, 46 years ago. 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 December 2023, Valiant Air Command Inc reported income of $1.1m and spending of $867k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $902k to $1.1m (+23%), an average of +5.4% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Valiant Air Command Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Higgins Brothers Surgicenter for Hope LLC ($1.1m), Oak Ridge High School Sports ($1.1m) and Accokeek Foundation Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 8.4% of the total. Other salaries and wages came to $30k. At year end it held assets of $2.9m against liabilities of $474k, net assets of $2.4m. It reported 13 employees.