Alaska World Arts

Analysis

Alaska World Arts is a registered charity in United States, based in Homer, AK. It received its IRS tax-exemption ruling in July 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Alaska World Arts reported income of $63k and spending of $51k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $46k to $63k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 92% 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 World Arts sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 19th percentile within AK. Charities of a similar size with the same main cause include Lewis Carroll Society of North America Inc ($63k), Arlington Historical Society Inc ($63k) and Rose Valley Museum and Historical Society ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 48% of the total. At year end it held assets of $26k against liabilities of $0, net assets of $26k.