Excel Alaska Inc

Analysis

Excel Alaska Inc is a registered charity in United States, based in Wasilla, AK. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Excel Alaska Inc reported income of $3.6m and spending of $4.0m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $3.6m (+33%), an average of +7.3% a year. The sharpest change came in the year to June 2022, when income rose by 120%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Excel Alaska Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within AK. Charities of a similar size with the same main cause include Bridge House ($3.6m), Twin Harbors Group Home Association Inc ($3.6m) and Marie Wilkinson Food Pantry Inc ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $341k (8.4% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $563k against liabilities of $6,816, net assets of $556k. It reported 45 employees.