Kodiak Historical Society

Analysis

Kodiak Historical Society is a registered charity in United States, based in Kodiak, AK. It received its IRS tax-exemption ruling in April 1957, 69 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, Kodiak Historical Society reported income of $422k and spending of $474k, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $526k to $422k (-20%), an average of -5.3% a year. The sharpest change came in the year to June 2021, when income rose by 444%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kodiak Historical Society sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 64th percentile within AK. Charities of a similar size with the same main cause include Gujarati Samaj of New York Inc ($422k), Denver Turnverein Inc ($422k) and Colorado Springs Childrens Chorale ($422k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 6.9% of the total. Compensation of current officers, directors and key employees was $102k (22% of expenses). Other salaries and wages came to $240k. At year end it held assets of $2.7m against liabilities of $48k, net assets of $2.6m. It reported 10 employees.