Kodiak Island Health Care Foundation

Analysis

Kodiak Island Health Care Foundation is a registered charity in United States, based in Kodiak, AK. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Kodiak Island Health Care Foundation reported income of $6.8m and spending of $7.5m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.1m to $6.8m (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Kodiak Island Health Care Foundation sits at the 99th percentile: it is larger than about 99% 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 The Colson Center for Christian Worldview ($6.8m), Loam Media Inc ($6.8m) and Cise ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $664k (8.8% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $4.8m against liabilities of $765k, net assets of $4.0m. It reported 87 employees.