Kuac Friends Group

Analysis

Kuac Friends Group is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Kuac Friends Group reported income of $1.2m and spending of $1.3m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $301k to $1.2m (+315%), an average of +43% a year. The sharpest change came in the year to June 2020, when income rose by 152%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kuac Friends Group 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 82nd percentile, and in the 80th percentile within AK. Charities of a similar size with the same main cause include Lives in the Balance Inc ($1.2m), Humanities Kansas Inc ($1.2m) and Reading Symphony Orchestra Assn ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $281k against liabilities of $0, net assets of $281k.