Anchorage Mayors Charity Ball

Analysis

Anchorage Mayors Charity Ball is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Anchorage Mayors Charity Ball reported income of $162k and spending of $166k, spending 102% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $201k to $162k (-19%), an average of -10% a year. The sharpest change came in the year to December 2022, when income dropped by 35%. Over the whole period it spent 123% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Anchorage Mayors Charity Ball sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 45th percentile within AK. Charities of a similar size with the same main cause include Career & Networking Center ($162k), Hfa Endowment Fund ($162k) and League of Very Ordinary Gentlemen NFP ($162k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $5,295 against liabilities of $0, net assets of $5,295.