Alaska Inaugural Committee Inc

Analysis

Alaska Inaugural Committee Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in March 2004, 22 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 December 2023, Alaska Inaugural Committee Inc reported income of $478k and spending of $279k, leaving 42% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $215k to $478k (+122%), an average of +49% a year. The sharpest change came in the year to December 2022, when income dropped by 100%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Alaska Inaugural Committee Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 66th percentile within AK. Charities of a similar size with the same main cause include Centre County Historical Society ($478k), Adirondack Theatre Festival Inc ($478k) and Daytona Beach Symphony Society Inc ($478k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $222k against liabilities of $0, net assets of $222k.