Fairbanks Arts Association 483

Analysis

Fairbanks Arts Association 483 is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in April 1971, 55 years ago. 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, Fairbanks Arts Association 483 reported income of $445k and spending of $476k, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $381k to $445k (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fairbanks Arts Association 483 sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within AK. Charities of a similar size with the same main cause include Yagdil Housing Inc ($445k), Youth for Christ USA Inc ($445k) and Habitat for Humanity International Inc ($445k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $80k (17% of expenses). Other salaries and wages came to $160k. At year end it held assets of $218k against liabilities of $37k, net assets of $181k. It reported 10 employees.