Arctic Slope Community Foundation

Analysis

Arctic Slope Community Foundation is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Arctic Slope Community Foundation reported income of $4.1m and spending of $5.4m, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.1m to $4.1m (-43%), an average of -13% a year. The sharpest change came in the year to December 2021, when income rose by 128%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Arctic Slope Community Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within AK. Charities of a similar size with the same main cause include Jewish Federation of Greater New Orleans ($4.1m), Alamance Community Foundation ($4.1m) and Seachange Capital Partners Inc ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $367k (6.7% of expenses). Other salaries and wages came to $644k. At year end it held assets of $9.3m against liabilities of $744k, net assets of $8.6m. It reported 17 employees.