Literacy Council of Alaska

Analysis

Literacy Council of Alaska is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in April 1975, 51 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Literacy Council of Alaska reported income of $1.0m and spending of $1.1m, spending 108% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $839k to $1.0m (+21%), an average of +3.9% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacy Council of Alaska sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within AK. Charities of a similar size with the same main cause include Schenectady County Community College Foundation Inc ($1.0m), Zeno ($1.0m) and Guadalupe Montessori School Inc ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $59k (5.4% of expenses). Other salaries and wages came to $671k. At year end it held assets of $379k against liabilities of $66k, net assets of $313k. It reported 50 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.