Alaska State Fair Incorporated

Analysis

Alaska State Fair Incorporated is a registered charity in United States, based in Palmer, AK. It received its IRS tax-exemption ruling in July 1995, 31 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Alaska State Fair Incorporated reported income of $10.1m and spending of $9.6m, spending 95% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $7.5m to $10.1m (+34%), an average of +6.0% a year. The sharpest change came in the year to December 2021, when income rose by 402%. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Alaska State Fair Incorporated sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within AK. Charities of a similar size with the same main cause include NC Triad Fusion Inc ($10.0m), Southeastern Virginia Areawide Model Program Inc ($10.2m) and Atlanta Track Club Inc ($10.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.8% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $150k (1.6% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $14.8m against liabilities of $610k, net assets of $14.2m. It reported 267 employees.