Our Lady of the Rosary Alaksa

Analysis

Our Lady of the Rosary Alaksa is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Our Lady of the Rosary Alaksa reported income of $1.7m and spending of $1.5m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.7m (+45%), an average of +9.8% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Our Lady of the Rosary Alaksa sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within AK. Charities of a similar size with the same main cause include Presbyterian Homes of Florida Inc ($1.7m), Colorado Institute of Developmental Pediatrics Inc ($1.7m) and The Womens Law Center of Maryland Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 49% of the total. Other salaries and wages came to $827k. At year end it held assets of $2.2m against liabilities of $568k, net assets of $1.6m. It reported 42 employees.