Alaska State Elks Major Project

Analysis

Alaska State Elks Major Project is a registered charity in United States, based in Chugiak, AK. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 May 2023, Alaska State Elks Major Project reported income of $60k and spending of $71k, spending 119% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income fell from $160k to $60k (-63%), an average of -28% a year. The sharpest change came in the year to May 2022, when income rose by 188%. Over the whole period it spent 126% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Alaska State Elks Major Project sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 18th percentile within AK. Charities of a similar size with the same main cause include Mc2 Technology Inc ($60k), Teach Reach Inspire Build Empower Inc ($60k) and Illuminate STEM ($60k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 35% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $2,500 (3.5% of expenses). At year end it held assets of $370k against liabilities of $0, net assets of $370k.

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.