Alaska Farmland Trust Corporation

Analysis

Alaska Farmland Trust Corporation is a registered charity in United States, based in Palmer, AK. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 2023, Alaska Farmland Trust Corporation reported income of $98k and spending of $408k, spending 416% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $158k to $98k (-38%), an average of -11% a year. The sharpest change came in the year to June 2023, when income dropped by 57%. Over the whole period it spent 128% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Alaska Farmland Trust Corporation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 31st percentile within AK. Charities of a similar size with the same main cause include Northwest Regional Floodplain Management Association ($98k), Friends of Derry Township Parks & Recreation ($98k) and Top of Michigan Mountain Bike Assoc ($98k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $177k. At year end it held assets of $253k against liabilities of $264k, net assets of -$11k. It reported 3 employees.