Alaska Community Foundation

Analysis

Alaska Community Foundation is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in October 1996, 30 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 December 2023, Alaska Community Foundation reported income of $27.2m and spending of $24.5m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $43.2m to $27.2m (-37%), an average of -11% a year. The sharpest change came in the year to December 2020, when income rose by 117%. Over the whole period it spent 67% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Alaska Community Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within AK. Charities of a similar size with the same main cause include Points of Light Foundation ($27.1m), Rofeh Cholim Cancer Society Inc ($27.2m) and Greater Kanawha Valley Foundation ($26.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $426k (1.7% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $213.7m against liabilities of $3.3m, net assets of $210.4m. It reported 44 employees.