The Ted Stevens Foundation

Analysis

The Ted Stevens Foundation is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, The Ted Stevens Foundation reported income of $528k and spending of $556k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $697k to $528k (-24%), an average of -6.7% a year. The sharpest change came in the year to December 2022, when income dropped by 26%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Ted Stevens Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within AK. Charities of a similar size with the same main cause include Ellen Johnson Sirleaf Presidential Foundation ($528k), Collabor Action Theatre Company Inc ($528k) and Arts for All Wisconsin Inc ($528k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. Other salaries and wages came to $161k. At year end it held assets of $2.2m against liabilities of $13k, net assets of $2.2m. It reported 6 employees.