Alaska Arts Southeast Inc

Analysis

Alaska Arts Southeast Inc is a registered charity in United States, based in Sitka, AK. It received its IRS tax-exemption ruling in August 1975, 51 years ago. 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, Alaska Arts Southeast Inc reported income of $2.9m and spending of $2.6m, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.4m to $2.9m (+24%), an average of +5.6% a year. The sharpest change came in the year to September 2021, when income rose by 104%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alaska Arts Southeast Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within AK. Charities of a similar size with the same main cause include Missouri Chamber Foundation ($2.9m), Carolina Crown Inc ($2.9m) and Family Place Inc ($2.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 39% and program service revenue 60% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $19.2m against liabilities of $205k, net assets of $19.0m. It reported 139 employees.