First Alaskans Endowment Fund

Analysis

First Alaskans Endowment Fund is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in June 2001, 25 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 December 2023, First Alaskans Endowment Fund reported income of $926k and spending of $1.0m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.0m to $926k (-54%), an average of -18% a year. The sharpest change came in the year to December 2021, when income rose by 408%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, First Alaskans Endowment Fund sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within AK. Charities of a similar size with the same main cause include Greater Jefferson County Foundation ($925k), United Way of Wayne Co Inc ($927k) and CN Wodehouse Hawaii Childrens TR Fund TR ($925k).

At year end it held assets of $17.5m against liabilities of $0, net assets of $17.5m.