Alaska Teamster Employer Service Training Trust

Analysis

Alaska Teamster Employer Service Training Trust is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in December 1982, 44 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Alaska Teamster Employer Service Training Trust reported income of $1.0m and spending of $1.1m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $1.0m (-3.0%), an average of -0.8% a year. The sharpest change came in the year to December 2023, when income rose by 63%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alaska Teamster Employer Service Training Trust sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within AK. Charities of a similar size with the same main cause include Accelertor for America ($1.0m), Bertram Volunteer Fire Department ($1.0m) and Lutheran Home Forsyth County Property Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 5.5% of the total. Other salaries and wages came to $371k. At year end it held assets of $3.0m against liabilities of $139k, net assets of $2.8m. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.