Alaska Public Media Inc

Analysis

Alaska Public Media Inc 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 arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Alaska Public Media Inc reported income of $7.7m and spending of $8.1m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.2m to $7.7m (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Alaska Public Media Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within AK. Charities of a similar size with the same main cause include Nevada Ballet Theatre ($7.7m), Indiana Historical Society ($7.7m) and American Psychological Foundation Inc ($7.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $217k (2.7% of expenses). Other salaries and wages came to $3.2m. It paid $48k in professional fundraising fees. At year end it held assets of $9.2m against liabilities of $2.1m, net assets of $7.1m. It reported 57 employees.