Anchorage Housing Initiatives Inc

Analysis

Anchorage Housing Initiatives Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in December 1994, 32 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2024, Anchorage Housing Initiatives Inc reported income of $283k and spending of $218k, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2024, income grew from $243k to $283k (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Anchorage Housing Initiatives Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 55th percentile within AK. Charities of a similar size with the same main cause include Irvin Foundation ($282k), State Forty Eight Foundation ($283k) and Bay Veterans Foundation ($282k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 73% and program service revenue 15% of the total. Other salaries and wages came to $69k. At year end it held assets of $2.9m against liabilities of $13k, net assets of $2.9m. It reported 1 employees.