Alaska Airlines Memorial Scholarship Fund

Analysis

Alaska Airlines Memorial Scholarship Fund is a registered charity in United States, based in Vancouver, WA. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Alaska Airlines Memorial Scholarship Fund reported income of $78k and spending of $116k, spending 149% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $178k to $78k (-56%), an average of -24% a year. The sharpest change came in the year to December 2021, when income dropped by 41%. 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 Airlines Memorial Scholarship Fund sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 25th percentile within WA. Charities of a similar size with the same main cause include Unioto Athletic Boosters Inc ($78k), California Pinto Booster Club Inc ($78k) and Kyrene Monte Vista Parent-Teacherorganization Inc ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 60% of the total. At year end it held assets of $294k against liabilities of $0, net assets of $294k.