Alaska Native Heritage Center Inc

Analysis

Alaska Native Heritage Center Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in February 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 March 2023, Alaska Native Heritage Center Inc reported income of $7.1m and spending of $7.3m, spending 103% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $3.3m to $7.1m (+114%), an average of +21% a year. The sharpest change came in the year to March 2022, when income rose by 224%. Over the whole period it spent 82% 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 Native Heritage Center Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within AK. Charities of a similar size with the same main cause include Theatre for a New Audience Inc ($7.1m), Byrd Hoffman Water Mill Foundation ($7.1m) and World Wide Web Consortium Inc ($7.1m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 71% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $212k (2.9% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $23.0m against liabilities of $1.2m, net assets of $21.8m. It reported 98 employees.