University of Alaska Foundation

Analysis

University of Alaska Foundation is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in September 1974, 52 years ago. Its declared purposes cover education, which this site groups under education and training. 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, University of Alaska Foundation reported income of $17.0m and spending of $28.9m, spending 171% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $28.8m to $17.0m (-41%), an average of -12% a year. The sharpest change came in the year to June 2021, when income rose by 251%. Over the whole period it spent 43% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Alaska Foundation 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 97th percentile, and in the 98th percentile within AK. Charities of a similar size with the same main cause include Duluth Public Schools Academy ($17.0m), Joan and Irwin Jacobs Technion-Cornell Innovation Instit ($17.0m) and University Auxiliary Services at Albany Inc ($17.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 120% of the total. Compensation of current officers, directors and key employees was $387k (1.3% of expenses). Other salaries and wages came to $1.8m. It paid $197k in professional fundraising fees. At year end it held assets of $547.5m against liabilities of $179.4m, net assets of $368.1m.