Challenge Alaska

Analysis

Challenge Alaska is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in December 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Challenge Alaska reported income of $1.3m and spending of $1.1m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $980k to $1.3m (+32%), an average of +7.3% a year. The sharpest change came in the year to June 2022, when income rose by 79%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Challenge Alaska sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within AK. Charities of a similar size with the same main cause include Trout Unlimited ($1.3m), Old Colony Library Network Inc ($1.3m) and Southern Association of College and University Business Officers Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $104k (9.8% of expenses). Other salaries and wages came to $362k. At year end it held assets of $2.7m against liabilities of $57k, net assets of $2.6m. It reported 11 employees.