Rural Alaska Community Action Program Inc

Analysis

Rural Alaska Community Action Program Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in June 1992, 34 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Rural Alaska Community Action Program Inc reported income of $31.3m and spending of $32.1m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $25.1m to $31.3m (+25%), an average of +5.7% a year. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rural Alaska Community Action Program Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within AK. Charities of a similar size with the same main cause include Aleutian-Pribilof Islands ($31.2m), Alamo Navajo School Board Inc ($31.4m) and Rise Incorporated ($31.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 88% and program service revenue 9.0% of the total. Compensation of current officers, directors and key employees was $642k (2.0% of expenses). Other salaries and wages came to $14.0m. At year end it held assets of $52.4m against liabilities of $15.8m, net assets of $36.5m. It reported 525 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.