Anchorage Concert Association Inc

Analysis

Anchorage Concert Association Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in September 1965, 61 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Anchorage Concert Association Inc reported income of $4.0m and spending of $3.7m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.6m to $4.0m (-27%), an average of -7.7% a year. The sharpest change came in the year to June 2022, when income rose by 94%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Anchorage Concert Association Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within AK. Charities of a similar size with the same main cause include Waterville Creates ($4.0m), South Dakota Symphony Orchestra ($4.0m) and Kern Dance Alliance ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $152k (4.1% of expenses). Other salaries and wages came to $465k. At year end it held assets of $11.7m against liabilities of $401k, net assets of $11.3m. It reported 96 employees.