Chugachmiut

Analysis

Chugachmiut is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in August 1979, 47 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 September 2023, Chugachmiut reported income of $26.7m and spending of $21.8m, spending 82% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $17.5m to $26.7m (+52%), an average of +11% a year. The sharpest change came in the year to September 2020, when income rose by 23%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chugachmiut sits at the 98th percentile: it is larger than about 98% 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 Person Centered Care Services Inc ($26.6m), Jewish Nursing Home of Western Mass Inc ($26.7m) and Southwestern Community Services Inc ($26.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 80% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $824k (3.8% of expenses). Other salaries and wages came to $9.7m. At year end it held assets of $44.8m against liabilities of $15.2m, net assets of $29.6m. It reported 225 employees.