Kodiak Scholarship Foundation Inc

Analysis

Kodiak Scholarship Foundation Inc is a registered charity in United States, based in Kodiak, AK. It received its IRS tax-exemption ruling in August 1989, 37 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 December 2023, Kodiak Scholarship Foundation Inc reported income of $187k and spending of $168k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $384k to $187k (-51%), an average of -16% a year. The sharpest change came in the year to December 2020, when income dropped by 62%. Over the whole period it spent 52% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kodiak Scholarship Foundation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 48th percentile within AK. Charities of a similar size with the same main cause include Francis Howell High School Band Booster Association ($187k), The Center for American Military Music Opportunities ($187k) and Intl Assoc of Heat & Frost Insulators ($187k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.