Abate of Anchorage Inc

Analysis

Abate of Anchorage Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in December 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Abate of Anchorage Inc reported income of $235k and spending of $214k, spending 91% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $195k to $235k (+20%), an average of +6.4% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Abate of Anchorage Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 52nd percentile within AK. Charities of a similar size with the same main cause include Wow China Inc ($235k), St Pauls Weekday Nursery School Inc ($235k) and Pathways to Learning ($235k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 4.8% and program service revenue 85% of the total. At year end it held assets of $201k against liabilities of $7,827, net assets of $193k.