Chugiak-Eagle River Foundation Inc

Analysis

Chugiak-Eagle River Foundation Inc is a registered charity in United States, based in Eagle River, AK. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 January 2024, Chugiak-Eagle River Foundation Inc reported income of $56k and spending of $27k, leaving 52% of income unspent that year. Across the 5 years on record, from January 2020 to January 2024, income grew from $37k to $56k (+54%), an average of +11% a year. The sharpest change came in the year to January 2022, when income rose by 332%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chugiak-Eagle River Foundation Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 17th percentile within AK. Charities of a similar size with the same main cause include Little Bitty Animal Sanctuary Inc ($56k), Broome County YMCA Foundation ($56k) and The Church Mouse a Ministry of Cross Lanes United Methodist Churc ($56k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 2.8% of the total. At year end it held assets of $960k against liabilities of $0, net assets of $960k.