Fairbanks Concert Association

Analysis

Fairbanks Concert Association is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Fairbanks Concert Association reported income of $609k and spending of $857k, spending 141% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $571k to $609k (+6.6%), an average of +1.6% a year. The sharpest change came in the year to June 2022, when income rose by 319%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fairbanks Concert Association sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 70th percentile within AK. Charities of a similar size with the same main cause include Mt Kearsarge Indian Museum ($609k), Arms Wide Open ($609k) and Southwest Celtic Music Association ($609k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $87k (10% of expenses). Other salaries and wages came to $145k. At year end it held assets of $1.2m against liabilities of $193k, net assets of $966k. It reported 4 employees.