Arctic Heat

Analysis

Arctic Heat is a registered charity in United States, based in Eagle River, AK. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Arctic Heat reported income of $147k and spending of $142k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $118k to $147k (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Arctic Heat sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 42nd percentile within AK. Charities of a similar size with the same main cause include Bismark Youth Football League ($147k), Oak Hills Soccer Club ($147k) and Vermont Mountain Bike Advocate Inc ($147k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $55k against liabilities of $0, net assets of $55k.