Alaska Laborers Training School

Analysis

Alaska Laborers Training School is a registered charity in United States, based in Chugiak, AK. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Alaska Laborers Training School reported income of $2.7m and spending of $3.3m, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $2.7m (+4.9%), an average of +1.2% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 122% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alaska Laborers Training School sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within AK. Charities of a similar size with the same main cause include Student Association at State University of New York at Albany I ($2.7m), Beacon College Preparatory Inc ($2.7m) and Churchs Ministry Among Jewish People ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 73% of the total. Other salaries and wages came to $964k. At year end it held assets of $17.5m against liabilities of $41k, net assets of $17.4m. It reported 29 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.