Alaska Childrens Trust

Analysis

Alaska Childrens Trust is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Childrens Trust reported income of $2.8m and spending of $2.9m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $2.8m (+24%), an average of +5.4% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alaska Childrens Trust sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within AK. Charities of a similar size with the same main cause include The Friendship Center ($2.8m), Mississippi County Interagency Acouncil ($2.8m) and Aging Solutions Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $169k (5.8% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.2m against liabilities of $644k, net assets of $536k.