Anchorage Museum Foundation

Analysis

Anchorage Museum Foundation is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in August 1989, 37 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 supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Anchorage Museum Foundation reported income of $8.3m and spending of $2.0m, leaving 76% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $8.3m (+321%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 980%. Over the whole period it spent 54% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Anchorage Museum Foundation 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 95th percentile within AK. Charities of a similar size with the same main cause include Institute of Transportation Engineers Inc ($8.3m), Civic Center Foundation ($8.4m) and Childrens Museum of Pittsburgh ($8.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% of the total. At year end it held assets of $39.3m against liabilities of $3,557, net assets of $39.3m.