Sealaska Heritage Institute

Analysis

Sealaska Heritage Institute is a registered charity in United States, based in Juneau, AK. It received its IRS tax-exemption ruling in February 1982, 44 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Sealaska Heritage Institute reported income of $24.7m and spending of $23.2m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.4m to $24.7m (+85%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sealaska Heritage Institute sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within AK. Charities of a similar size with the same main cause include The Phoenix Theatre Company ($24.6m), Puerto Rico Science Technology and Research Trust ($24.8m) and Lab Central Inc ($24.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $784k (3.4% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $53.3m against liabilities of $2.6m, net assets of $50.7m. It reported 141 employees.