Anchorage Concert Foundation

Analysis

Anchorage Concert Foundation is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in March 1998, 28 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Anchorage Concert Foundation reported income of $182k and spending of $260k, spending 143% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $352k to $182k (-48%), an average of -15% a year. The sharpest change came in the year to June 2023, when income dropped by 59%. Over the whole period it spent 65% 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 Concert Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 47th percentile within AK. Charities of a similar size with the same main cause include Hibret Association ($182k), F L a G Flag Football Inc ($182k) and United Way of Nobles County ($182k).

At year end it held assets of $5.6m against liabilities of $0, net assets of $5.6m.