Alaska Works Partnership Inc

Analysis

Alaska Works Partnership Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Alaska Works Partnership Inc reported income of $3.8m and spending of $3.4m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $3.8m (+71%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 50%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Alaska Works Partnership Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within AK. Charities of a similar size with the same main cause include Lower Cape Cod Community Development Corporation ($3.8m), Pine Woods Inc ($3.8m) and Housing and Neighborhood Development Service ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.9% of the total. Compensation of current officers, directors and key employees was $491k (14% of expenses). Other salaries and wages came to $785k. At year end it held assets of $2.4m against liabilities of $515k, net assets of $1.8m. It reported 19 employees.