Valley Transit

Analysis

Valley Transit is a registered charity in United States, based in Wasilla, AK. It received its IRS tax-exemption ruling in November 1999, 27 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 June 2024, Valley Transit reported income of $2.3m and spending of $3.0m, spending 128% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.7m to $2.3m (+37%), an average of +6.6% a year. The sharpest change came in the year to June 2023, when income rose by 215%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Valley Transit sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within AK. Charities of a similar size with the same main cause include Theosophical Society in America ($2.3m), Melrose Day Care Center Inc ($2.3m) and Northeast Business Group on Health Inc ($2.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% and program service revenue 9.8% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $5.3m against liabilities of $143k, net assets of $5.1m. It reported 35 employees.