Fairbanks Resource Agency Inc

Analysis

Fairbanks Resource Agency Inc is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in November 1968, 58 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Fairbanks Resource Agency Inc reported income of $11.5m and spending of $11.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $14.1m to $11.5m (-19%), an average of -5.1% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fairbanks Resource Agency Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within AK. Charities of a similar size with the same main cause include Beech Acres Parenting Center ($11.5m), YMCA of Southern Nevada ($11.5m) and Mount Aloysius Corp ($11.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.6% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $309k (2.7% of expenses). Other salaries and wages came to $6.9m. At year end it held assets of $3.4m against liabilities of $773k, net assets of $2.6m. It reported 215 employees.