Arctic Slope Native Association Ltd

Analysis

Arctic Slope Native Association Ltd is a registered charity in United States, based in Barrow, AK. It received its IRS tax-exemption ruling in October 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 September 2023, Arctic Slope Native Association Ltd reported income of $129.3m and spending of $117.9m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $92.1m to $129.3m (+40%), an average of +8.9% a year. The sharpest change came in the year to September 2021, when income rose by 17%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arctic Slope Native Association Ltd sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within AK. Charities of a similar size with the same main cause include Low Income Housing Institute ($129.3m), New England Life Care Inc ($130.4m) and New England Center for Children Inc ($129.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 47% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $2.6m (2.2% of expenses). Other salaries and wages came to $42.9m. At year end it held assets of $321.1m against liabilities of $40.5m, net assets of $280.6m. It reported 496 employees.