Alaska Corporation for Affordable Housing

Analysis

Alaska Corporation for Affordable Housing is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2023, Alaska Corporation for Affordable Housing reported income of $13.9m and spending of $205k, leaving 99% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $480k to $13.9m (+2795%), an average of +132% a year. The sharpest change came in the year to June 2023, when income rose by 2763%. Over the whole period it spent 10% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Alaska Corporation for Affordable Housing sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within AK. Charities of a similar size with the same main cause include Willow Towers Inc ($13.9m), Rdoor Housing Corporation ($13.9m) and Appalachia Service Project Inc ($13.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 3.1% of the total. Other salaries and wages came to $80k. At year end it held assets of $43.8m against liabilities of $5.6m, net assets of $38.2m.