The Foraker Group

Analysis

The Foraker Group is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in June 2002, 24 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 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 June 2023, The Foraker Group reported income of $6.5m and spending of $6.6m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.6m to $6.5m (-1.3%), an average of -0.3% a year. The sharpest change came in the year to June 2022, when income dropped by 19%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Foraker Group sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within AK. Charities of a similar size with the same main cause include Shasta Regional Community Foundation ($6.5m), Excellerate Foundation ($6.5m) and Reading Terminal Market Corporation ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $879k (13% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $6.1m against liabilities of $1.2m, net assets of $4.9m. It reported 25 employees.