Anchorage Library Foundation

Analysis

Anchorage Library Foundation is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in October 1981, 45 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 December 2023, Anchorage Library Foundation reported income of $483k and spending of $223k, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $476k to $483k (+1.5%), an average of +0.4% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Anchorage Library Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within AK. Charities of a similar size with the same main cause include Wareham Historical Society Inc ($483k), Greater Reedville Association Inc ($483k) and Leadership Winston-Salem ($483k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. Compensation of current officers, directors and key employees was $69k (31% of expenses). At year end it held assets of $15.3m against liabilities of $36k, net assets of $15.2m. It reported 1 employees.