Alaska Marine Safety Education Association

Analysis

Alaska Marine Safety Education Association is a registered charity in United States, based in Sitka, AK. It received its IRS tax-exemption ruling in February 1994, 32 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 2023, Alaska Marine Safety Education Association reported income of $1.2m and spending of $982k, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $654k to $1.2m (+76%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 53%. Over the whole period it spent 91% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Alaska Marine Safety Education Association sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within AK. Charities of a similar size with the same main cause include Fire Safe Sonoma ($1.1m), Bryans Road Vol Fire Dept & Rescue Squad Inc ($1.2m) and W P Faist Volunteer Ambulance Corp ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $143k (15% of expenses). Other salaries and wages came to $273k. At year end it held assets of $2.0m against liabilities of $74k, net assets of $1.9m. It reported 20 employees.