Alaska Literacy Program Inc

Analysis

Alaska Literacy Program Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in September 1975, 51 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, Alaska Literacy Program Inc reported income of $1.9m and spending of $1.2m, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $424k to $1.9m (+351%), an average of +46% a year. The sharpest change came in the year to June 2022, when income rose by 86%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alaska Literacy Program Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within AK. Charities of a similar size with the same main cause include Chiarts Foundation ($1.9m), Rogers State University Foundation ($1.9m) and Economic Development Partnership of Alabama Foundation Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $702k. At year end it held assets of $1.8m against liabilities of $91k, net assets of $1.7m. It reported 17 employees.