Valdez Native Tribe

Analysis

Valdez Native Tribe is a registered charity in United States, based in Valdez, AK. It received its IRS tax-exemption ruling in April 1982, 44 years ago. 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, Valdez Native Tribe reported income of $1.3m and spending of $1.5m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $800k to $1.3m (+68%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 98%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Valdez Native Tribe sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within AK. Charities of a similar size with the same main cause include East Amherst Fire Dept Inc ($1.3m), City of Plano Swimmers Inc ($1.3m) and Soldiers Wish ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $280k (18% of expenses). Other salaries and wages came to $215k. At year end it held assets of $2.6m against liabilities of $719k, net assets of $1.9m. It reported 22 employees.