Alaska Correctional Ministries Inc

Analysis

Alaska Correctional Ministries Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in December 2008, 18 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Correctional Ministries Inc reported income of $308k and spending of $367k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $416k to $308k (-26%), an average of -7.2% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Alaska Correctional Ministries Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 57th percentile within AK. Charities of a similar size with the same main cause include Sacred Heart Support Corporation ($308k), Whole Heart Ministries Inc ($308k) and Obra Misionera de LA Restitucion Inc ($308k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $38k (10% of expenses). Other salaries and wages came to $145k. At year end it held assets of $809k against liabilities of $21k, net assets of $788k. It reported 16 employees.