Ilisagvik College

Analysis

Ilisagvik College is a registered charity in United States, based in Barrow, AK. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Ilisagvik College reported income of $20.3m and spending of $17.5m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.1m to $20.3m (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ilisagvik College sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within AK. Charities of a similar size with the same main cause include Citizenship Trust ($20.2m), Homefront Inc ($20.3m) and Rochester Public Library ($20.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 8.1% of the total. Compensation of current officers, directors and key employees was $827k (4.7% of expenses). Other salaries and wages came to $7.0m. At year end it held assets of $32.5m against liabilities of $15.5m, net assets of $17.0m. It reported 176 employees.