Alaska Family Services Inc

Analysis

Alaska Family Services Inc is a registered charity in United States, based in Palmer, AK. It received its IRS tax-exemption ruling in June 1981, 45 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 June 2023, Alaska Family Services Inc reported income of $8.0m and spending of $6.9m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.3m to $8.0m (+26%), an average of +6.0% a year. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alaska Family Services Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within AK. Charities of a similar size with the same main cause include Katahdin Friends Inc ($8.0m), Hopephl ($8.0m) and Vietnamese Asso of Illinois ($8.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $159k (2.3% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $14.1m against liabilities of $2.0m, net assets of $12.0m. It reported 106 employees.