Alaska Pacific University

Analysis

Alaska Pacific University is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in March 1962, 64 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Alaska Pacific University reported income of $24.6m and spending of $23.8m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.6m to $24.6m (+40%), an average of +8.7% a year. The sharpest change came in the year to June 2021, when income rose by 55%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alaska Pacific University sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within AK. Charities of a similar size with the same main cause include Peak to Peak Charter Schools Inc ($24.5m), Hardy Williams Academy Charter School ($24.6m) and Community Partnership Charter School ($24.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $454k (1.9% of expenses). At year end it held assets of $164.1m against liabilities of $11.1m, net assets of $153.0m. It reported 347 employees.