Alaska State Elks Charitable Trust

Analysis

Alaska State Elks Charitable Trust is a registered charity in United States, based in Chugiak, AK. It received its IRS tax-exemption ruling in February 2012, 14 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 May 2023, Alaska State Elks Charitable Trust reported income of $447k and spending of $379k, spending 85% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $160k to $447k (+179%), an average of +41% a year. The sharpest change came in the year to May 2021, when income rose by 335%. Over the whole period it spent 55% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alaska State Elks Charitable Trust sits at the 66th 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 Franklin Schools Foundation ($447k), Kingwood All Sports Booster Club Inc ($447k) and Peaster Education Foundation ($447k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 52% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $5,000 (1.3% of expenses). At year end it held assets of $5.4m against liabilities of $61k, net assets of $5.3m.