Providence Alaska Foundation

Analysis

Providence Alaska Foundation is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in September 1983, 43 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Providence Alaska Foundation reported income of $10.5m and spending of $8.5m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.0m to $10.5m (+4.3%), an average of +1.1% a year. The sharpest change came in the year to December 2021, when income dropped by 32%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Providence Alaska Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within AK. Charities of a similar size with the same main cause include Youable Emotional Health Services ($10.5m), Aliviane Inc ($10.5m) and Center for Improving Value in Health Care ($10.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $980k. It paid $83k in professional fundraising fees. At year end it held assets of $54.3m against liabilities of $2.1m, net assets of $52.2m.