Anchorage Folk Festival Inc

Analysis

Anchorage Folk Festival Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Anchorage Folk Festival Inc reported income of $89k and spending of $70k, leaving 21% of income unspent that year. Across the 3 years on record, from March 2022 to March 2024, income grew from $26k to $89k (+235%), an average of +83% a year. The sharpest change came in the year to March 2023, when income rose by 147%. Over the whole period it spent 96% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Anchorage Folk Festival Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 29th percentile within AK. Charities of a similar size with the same main cause include 21st Century Tolland Fund Inc ($88k), The Orange County Police Athletic League ($89k) and Camp Bronx Fund Inc ($88k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 75% of the total. At year end it held assets of $133k against liabilities of $2,841, net assets of $130k.