Valdez Fisheries Development Assoc

Analysis

Valdez Fisheries Development Assoc is a registered charity in United States, based in Valdez, AK. It received its IRS tax-exemption ruling in September 1981, 45 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 May 2023, Valdez Fisheries Development Assoc reported income of $5.7m and spending of $4.5m, leaving 21% of income unspent that year. Across the 4 years on record, from May 2020 to May 2023, income grew from $5.7m to $5.7m (+0.5%), an average of +0.2% a year. Over the whole period it spent 78% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Valdez Fisheries Development Assoc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within AK. Charities of a similar size with the same main cause include American Association for Laboratory Animal Science Aalas ($5.7m), Hamilton County Society for the Prevention of Cruelty to Animals ($5.7m) and Humane Society of Austin & Travis County ($5.7m).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $271k (6.0% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $17.1m against liabilities of $5.9m, net assets of $11.2m. It reported 60 employees.