Denakkanaaga Inc

Analysis

Denakkanaaga Inc is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in February 1986, 40 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, Denakkanaaga Inc reported income of $642k and spending of $649k, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $539k to $642k (+19%), an average of +6.0% a year. The sharpest change came in the year to June 2022, when income rose by 66%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Denakkanaaga Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 71st percentile within AK. Charities of a similar size with the same main cause include Spokane Valley Junior Soccer Association ($642k), Institute for Regional Conservation ($642k) and United States Sailing Center Inc ($642k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 15% of the total. Other salaries and wages came to $242k. At year end it held assets of $344k against liabilities of $37k, net assets of $307k. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.