Musk Ox Development Corporation

Analysis

Musk Ox Development Corporation is a registered charity in United States, based in Palmer, AK. It received its IRS tax-exemption ruling in June 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, Musk Ox Development Corporation reported income of $825k and spending of $766k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $825k (-37%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 57%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Musk Ox Development Corporation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within AK. Charities of a similar size with the same main cause include Toledo Roadrunners Club ($825k), Habitat for Humanity International Inc ($825k) and El Paso Chamber of Commerce ($825k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $126k (16% of expenses). Other salaries and wages came to $335k. At year end it held assets of $1.8m against liabilities of $10k, net assets of $1.8m. It reported 24 employees.