Alaska Library Association

Analysis

Alaska Library Association is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in April 1997, 29 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Alaska Library Association reported income of $121k and spending of $159k, spending 132% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $127k to $121k (-5.1%), an average of -5.1% a year. Over the whole period it spent 108% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Alaska Library Association sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 37th percentile within AK. Charities of a similar size with the same main cause include Local 311 Charitable TR ($121k), Shining Light Ministries ($121k) and Rio Ministries International Inc ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 52% of the total. At year end it held assets of $266k against liabilities of $0, net assets of $266k.