Gracealaska

Analysis

Gracealaska is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in December 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Gracealaska reported income of $775k and spending of $615k, leaving 21% of income unspent that year. Across the 6 years on record, from August 2019 to August 2024, income grew from $448k to $775k (+73%), an average of +12% a year. The sharpest change came in the year to August 2023, when income rose by 107%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gracealaska sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within AK. Charities of a similar size with the same main cause include South Central Region Workforce Investment Board ($775k), Womans Club ($775k) and National Institute for Labor Relations Research ($775k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $74k (12% of expenses). Other salaries and wages came to $288k. At year end it held assets of $512k against liabilities of $218k, net assets of $294k. It reported 11 employees.