Pacific Northern Academy Inc

Analysis

Pacific Northern Academy Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in January 1994, 32 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Pacific Northern Academy Inc reported income of $3.3m and spending of $3.5m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.4m to $3.3m (-1.8%), an average of -0.5% a year. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pacific Northern Academy Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within AK. Charities of a similar size with the same main cause include Brain Injury Association of New Hampshire ($3.3m), Monroe Harding Inc ($3.3m) and Cardinal Carberry Senior Living Center ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $123k (3.6% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $5.4m against liabilities of $5.7m, net assets of -$262k. It reported 65 employees.