Kawerak Inc

Analysis

Kawerak Inc is a registered charity in United States, based in Nome, AK. It received its IRS tax-exemption ruling in November 1977, 49 years ago. 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, Kawerak Inc reported income of $56.2m and spending of $56.9m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $38.0m to $56.2m (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kawerak Inc 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 99th percentile, and in the 99th percentile within AK. Charities of a similar size with the same main cause include Imagine the Possibilities Inc ($56.2m), Greater Lynn Senior Services Inc ($56.2m) and Suncoast Community Health Centers Inc ($56.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $280k (0.5% of expenses). Other salaries and wages came to $20.9m. At year end it held assets of $96.5m against liabilities of $46.3m, net assets of $50.2m. It reported 380 employees.