Nami Alaska Incorporated

Analysis

Nami Alaska Incorporated is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in May 1987, 39 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 2024, Nami Alaska Incorporated reported income of $465k and spending of $187k, leaving 60% of income unspent that year. Across the 3 years on record, from June 2020 to June 2024, income grew from $249k to $465k (+86%), an average of +37% a year. The sharpest change came in the year to June 2024, when income rose by 63%. Over the whole period it spent 44% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nami Alaska Incorporated sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within AK. Charities of a similar size with the same main cause include Higher Aim ($465k), Cher-Ami Homes Gretna Louisiana Inc ($465k) and Hope Restores Corporation ($465k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $94k (50% of expenses). Other salaries and wages came to $9,888. At year end it held assets of $464k against liabilities of $14k, net assets of $450k. It reported 3 employees.