Fairbanks Parking Authority

Analysis

Fairbanks Parking Authority is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fairbanks Parking Authority reported income of $405k and spending of $436k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $474k to $405k (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2020, when income dropped by 26%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fairbanks Parking Authority sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within AK. Charities of a similar size with the same main cause include Highland Academy II ($405k), Redbud Foundation Inc ($405k) and Interfaith Counseling Center Inc ($404k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 47% of the total. At year end it held assets of $236k against liabilities of $26k, net assets of $210k. It reported 3 employees.