Awaic Foundation Inc

Analysis

Awaic Foundation Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in July 1999, 27 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Awaic Foundation Inc reported income of $55k and spending of $54k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $46k to $55k (+19%), an average of +4.3% a year. The sharpest change came in the year to June 2022, when income rose by 73%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Awaic Foundation Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 16th percentile within AK. Charities of a similar size with the same main cause include Kiwanis Foundation of Charlotte County Inc ($55k), Animas Foundation ($55k) and St Marys of the Rock Preservation Society ($55k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.6% of the total. At year end it held assets of $1.9m against liabilities of $1,744, net assets of $1.9m.