TKC Fish Wheel

Analysis

TKC Fish Wheel is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, TKC Fish Wheel reported income of $542k and spending of $633k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $4.4m to $542k (-88%), an average of -88% a year. The sharpest change came in the year to December 2023, when income dropped by 88%. Over the whole period it spent 23% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, TKC Fish Wheel sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 68th percentile within AK. Charities of a similar size with the same main cause include Center for Racial Justice in Education Inc ($542k), Better Day Adult Social Day Program Inc ($542k) and Dawns Place ($542k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $4.1m against liabilities of $210k, net assets of $3.9m.