Girdwood Inc

Analysis

Girdwood Inc is a registered charity in United States, based in Girdwood, AK. It received its IRS tax-exemption ruling in August 2004, 22 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 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, Girdwood Inc reported income of $953k and spending of $454k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $320k to $953k (+198%), an average of +31% a year. The sharpest change came in the year to December 2022, when income rose by 703%. Over the whole period it spent 40% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Girdwood 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 79th percentile, and in the 77th percentile within AK. Charities of a similar size with the same main cause include Augusta Electrical Joint Apprenticeship and Training Fund ($953k), Tulsa Pipe Trades Training School ($954k) and Memphis Tomorrow ($953k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 3.6% of the total. Other salaries and wages came to $90k. At year end it held assets of $4.0m against liabilities of $3,317, net assets of $4.0m. It reported 6 employees.