Coastalaska Inc

Analysis

Coastalaska Inc is a registered charity in United States, based in Juneau, AK. It received its IRS tax-exemption ruling in May 2008, 18 years ago. 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 2023, Coastalaska Inc reported income of $4.5m and spending of $5.0m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.0m to $4.5m (-25%), an average of -6.8% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Coastalaska Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within AK. Charities of a similar size with the same main cause include American Dairy Science Association ($4.5m), Oakmeadow Montessori School Inc ($4.5m) and Kupath Ezrah of Rockland County Inc ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $242k (4.9% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $4.2m against liabilities of $1.5m, net assets of $2.7m. It reported 68 employees.