Alaska Village Initiatives

Analysis

Alaska Village Initiatives is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Alaska Village Initiatives reported income of $1.7m and spending of $1.7m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.1m to $1.7m (+55%), an average of +12% a year. The sharpest change came in the year to September 2022, when income rose by 104%. Over the whole period it spent 105% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Alaska Village Initiatives sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within AK. Charities of a similar size with the same main cause include Sma Healthcare Foundation Inc ($1.7m), Muddy Paws Rescue ($1.7m) and Pullman Regional Hospital Foundation ($1.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $171k (10% of expenses). Other salaries and wages came to $545k. At year end it held assets of $1.5m against liabilities of $1.4m, net assets of $169k. It reported 17 employees.