Valdez United Way

Analysis

Valdez United Way is a registered charity in United States, based in Valdez, AK. It received its IRS tax-exemption ruling in August 1984, 42 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 December 2023, Valdez United Way reported income of $112k and spending of $115k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $109k to $112k (+2.8%), an average of +0.7% a year. The sharpest change came in the year to December 2021, when income rose by 157%. Over the whole period it spent 136% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Valdez United Way sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 35th percentile within AK. Charities of a similar size with the same main cause include Rotary Club of New Tampa Foundation Inc ($112k), Camp Lu-Jo Kismif Inc ($112k) and Ezras Yisroel USA Inc ($112k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $412k against liabilities of $146k, net assets of $266k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.