Nordic Skiing Association of Anchorage

Analysis

Nordic Skiing Association of Anchorage is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in January 2003, 23 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 September 2023, Nordic Skiing Association of Anchorage reported income of $1.8m and spending of $1.7m, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.5m to $1.8m (+24%), an average of +5.5% a year. The sharpest change came in the year to September 2021, when income rose by 32%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Nordic Skiing Association of Anchorage sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within AK. Charities of a similar size with the same main cause include World Baseball Academy Inc ($1.8m), Texas Book Festival ($1.8m) and Nebraska State Soccer Association Inc ($1.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 47% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $85k (5.0% of expenses). Other salaries and wages came to $594k. At year end it held assets of $2.3m against liabilities of $46k, net assets of $2.3m. It reported 198 employees.