Museums Alaska Incorporated

Analysis

Museums Alaska Incorporated is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in January 1985, 41 years ago. 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, Museums Alaska Incorporated reported income of $561k and spending of $559k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $449k to $561k (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2021, when income rose by 94%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Museums Alaska Incorporated sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 69th percentile within AK. Charities of a similar size with the same main cause include The Meeting Place Clubhouse Inc ($561k), Fame Housing Corporation ($561k) and Kentucky County Judge Executive Association ($561k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $58k (10% of expenses). At year end it held assets of $222k against liabilities of $89k, net assets of $132k. It reported 1 employees.