Alaska Library Network

Analysis

Alaska Library Network is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in June 2009, 17 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 2024, Alaska Library Network reported income of $1.7m and spending of $1.4m, spending 84% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.3m to $1.7m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alaska Library Network sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within AK. Charities of a similar size with the same main cause include Hennepin Technical College Foundation ($1.7m), Scripps Montessori Schools Inc ($1.7m) and The Mississippi Gulf Coast Community College Foundation Inc ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 56% and program service revenue 43% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.