Port Alsworth Improvement Corporation

Analysis

Port Alsworth Improvement Corporation is a registered charity in United States, based in Port Alsworth, AK. It received its IRS tax-exemption ruling in July 1991, 35 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 June 2023, Port Alsworth Improvement Corporation reported income of $113k and spending of $157k, spending 140% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $135k to $113k (-17%), an average of -4.4% a year. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Port Alsworth Improvement Corporation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 35th percentile within AK. Charities of a similar size with the same main cause include Foundation for Montessori Education Inc ($113k), Colorectal Team Overseas ($113k) and Fellowship Benevolent Corporation ($113k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. Other salaries and wages came to $44k. At year end it held assets of $844k against liabilities of $3,510, net assets of $841k. It reported 5 employees.