Anchorage Sportsplex Inc

Analysis

Anchorage Sportsplex Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 August 2023, Anchorage Sportsplex Inc reported income of $2.7m and spending of $2.9m, spending 109% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.2m to $2.7m (+23%), an average of +5.3% a year. The sharpest change came in the year to August 2023, when income rose by 27%. Over the whole period it spent 124% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Anchorage Sportsplex Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within AK. Charities of a similar size with the same main cause include FC Cincinnati Foundation ($2.7m), Socal Elite FC a Non Profit Organization ($2.7m) and Temecula United Soccer Club Inc ($2.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 7.7% and program service revenue 91% of the total. Other salaries and wages came to $670k. At year end it held assets of $8.2m against liabilities of $2.7m, net assets of $5.5m. It reported 39 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.