Alaska Center for the Blind and Visually Impaired

Analysis

Alaska Center for the Blind and Visually Impaired is a registered charity in United States, based in Anchorage, 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 June 2023, Alaska Center for the Blind and Visually Impaired reported income of $685k and spending of $783k, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $759k to $685k (-9.7%), an average of -2.5% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alaska Center for the Blind and Visually Impaired sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 72nd percentile within AK. Charities of a similar size with the same main cause include The Walthour-Moss Foundation ($685k), Fencing in the Park Inc ($686k) and Forest Landowner Foundation Inc ($685k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $112k (14% of expenses). Other salaries and wages came to $385k. At year end it held assets of $1.0m against liabilities of $90k, net assets of $945k. It reported 16 employees.