Ilisagvik College Foundation

Analysis

Ilisagvik College Foundation is a registered charity in United States, based in Barrow, AK. It received its IRS tax-exemption ruling in October 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ilisagvik College Foundation reported income of $663k and spending of $49k, leaving 93% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $647k to $663k (+2.5%), an average of +0.6% a year. The sharpest change came in the year to June 2023, when income dropped by 51%. Over the whole period it spent 5.2% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ilisagvik College Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 71st percentile within AK. Charities of a similar size with the same main cause include Association of Technology Management and Applied Engineering ($663k), Stair of Birmingham ($663k) and Unity Academy of Chicago ($663k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% of the total. At year end it held assets of $11.0m against liabilities of $0, net assets of $11.0m.