Helping Alaska

Analysis

Helping Alaska is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in June 1992, 34 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 December 2023, Helping Alaska reported income of $2.5m and spending of $2.7m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $473k to $2.5m (+423%), an average of +51% a year. The sharpest change came in the year to December 2022, when income rose by 542%. 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, Helping Alaska sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within AK. Charities of a similar size with the same main cause include The Family Radio Network Inc ($2.5m), East Texas Support Services Inc ($2.5m) and Ignatian Lay Volunteer Corps ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 5.5% of the total. Other salaries and wages came to $672k. At year end it held assets of $2.6m against liabilities of $1.4m, net assets of $1.2m.