Anchorage Museum Association

Analysis

Anchorage Museum Association is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in May 1970, 56 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 December 2023, Anchorage Museum Association reported income of $12.7m and spending of $12.6m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $13.2m to $12.7m (-4.3%), an average of -1.1% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 91% 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 Museum Association sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within AK. Charities of a similar size with the same main cause include Worcester Center for Performing Arts Inc ($12.6m), Storyville Center for the Spoken Word Inc ($12.7m) and George Eastman Museum ($12.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $557k (4.4% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $14.0m against liabilities of $1.7m, net assets of $12.4m. It reported 93 employees.