Southeast Alaska State Fair Inc

Analysis

Southeast Alaska State Fair Inc is a registered charity in United States, based in Haines, AK. It received its IRS tax-exemption ruling in June 1992, 34 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Southeast Alaska State Fair Inc reported income of $377k and spending of $435k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $467k to $377k (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2020, when income dropped by 54%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Southeast Alaska State Fair Inc 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 66th percentile, and in the 61st percentile within AK. Charities of a similar size with the same main cause include North Connecticut Flag Football League Inc ($377k), Cincinnati Recreation Commission Foundation ($377k) and Pineywoods Youth Rodeo Association Inc ($377k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.8% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $53k (12% of expenses). Other salaries and wages came to $108k. At year end it held assets of $1.5m against liabilities of $4,747, net assets of $1.5m. It reported 11 employees.