Alaska Fisheries Development Foundation Inc

Analysis

Alaska Fisheries Development Foundation Inc is a registered charity in United States, based in Juneau, AK. It received its IRS tax-exemption ruling in September 1979, 47 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 Fisheries Development Foundation Inc reported income of $3.2m and spending of $1.8m, leaving 43% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $570k to $3.2m (+460%), an average of +54% a year. The sharpest change came in the year to September 2023, when income rose by 155%. Over the whole period it spent 78% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Alaska Fisheries Development Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within AK. Charities of a similar size with the same main cause include Animal Protective Foundation of Schenectady Inc ($3.2m), New Hampshire SPCA ($3.2m) and Leg Up Farm Inc ($3.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% and program service revenue 5.3% of the total. Compensation of current officers, directors and key employees was $172k (9.5% of expenses). Other salaries and wages came to $188k. At year end it held assets of $1.9m against liabilities of $295k, net assets of $1.6m. It reported 4 employees.