Alaska Community Development Corp

Analysis

Alaska Community Development Corp is a registered charity in United States, based in Palmer, AK. It received its IRS tax-exemption ruling in November 1980, 46 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Alaska Community Development Corp reported income of $3.1m and spending of $3.2m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.9m to $3.1m (-19%), an average of -5.3% a year. The sharpest change came in the year to June 2021, when income dropped by 20%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Alaska Community Development Corp sits at the 89th percentile: it is larger than about 89% 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 Trade Institute of Pittsburgh ($3.1m), Community Forklift ($3.1m) and Community League of the Heights Inc ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $157k (5.0% of expenses). Other salaries and wages came to $654k. At year end it held assets of $940k against liabilities of $765k, net assets of $175k. It reported 11 employees.