Alaska Center for the Performing Arts Inc

Analysis

Alaska Center for the Performing Arts Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in January 1995, 31 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Alaska Center for the Performing Arts Inc reported income of $11.5m and spending of $12.2m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $11.5m (+247%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 218%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Alaska Center for the Performing Arts Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within AK. Charities of a similar size with the same main cause include Newport Festivals Foundation Inc ($11.5m), Kansas City Ballet Association ($11.5m) and Pennon Organization ($11.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $148k (1.2% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $7.0m against liabilities of $3.8m, net assets of $3.2m. It reported 178 employees.