Alaska Charter Association
Alaska Charter Association reports zero revenue and assets in its latest filing, following years of expenses exceeding income.
EIN: 201271218 · Homer, AK · NTEE: S41 · Updated: 2026-03-28
Is Alaska Charter Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Alaska Charter Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Alaska Charter Association
Alaska Charter Association (EIN: 201271218) is a nonprofit organization based in Homer, AK, classified under NTEE code S41. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Alaska Charter Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Alaska Charter Association is a micro nonprofit that has been operating for 21 years, with 3 years of IRS 990 filings on record (2014–2016). Revenue has grown at a compound annual rate of -49.6%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $10K |
| Total Expenses | $12K |
| Surplus / Deficit | $-2,298 |
| Total Assets | $12K |
| Net Assets | $12K |
| Operating Margin | -22.9% |
| Months of Reserves | 11.4 months |
Financial Health Grade: B
In 2016, Alaska Charter Association reported a deficit of $2K with expenses exceeding revenue, holds 11.4 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2014–2016), Alaska Charter Association's revenue has declined at a compound annual growth rate (CAGR) of -49.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -76.3% | -82.4% | -16.4% |
| 2015 | +7.1% | +52.1% | -48.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Alaska Charter Association with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Alaska Charter Association allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization is likely volunteer-run or has no paid officers, which is commendable for a small entity.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Alaska Charter Association's IRS 990 filings:
- Zero revenue and assets reported in the latest filing, raising concerns about current operational viability.
- Consistent history of expenses exceeding revenue (e.g., 2015: $70,087 expenses vs. $42,389 revenue), indicating potential reliance on dwindling reserves or inconsistent funding.
- Limited financial transparency due to the small scale and lack of detailed program spending breakdowns in available data.
Strengths
The following positive indicators were identified for Alaska Charter Association:
- Consistently reported 0% officer compensation, indicating a volunteer-driven model and efficient use of funds for leadership.
- Maintained low or zero liabilities in recent filings, suggesting responsible financial management regarding debt.
- Historically operated with a lean structure, potentially maximizing impact from limited resources.
Frequently Asked Questions about Alaska Charter Association
Is Alaska Charter Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Alaska Charter Association (EIN: 201271218) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Alaska Charter Association spend its money?
Alaska Charter Association directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Alaska Charter Association tax-deductible?
Alaska Charter Association is registered as a tax-exempt nonprofit (EIN: 201271218). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the current operational status of the Alaska Charter Association given its latest filing of $0 revenue and assets?
The latest filing suggests the organization may be inactive or in the process of winding down, as it reported no financial activity or holdings.
How has the organization funded its operations in years where expenses exceeded revenue, such as 2015 ($70,087 expenses vs. $42,389 revenue)?
The organization likely drew upon accumulated assets from prior periods or received non-cash contributions not reflected as revenue, as liabilities remained low or zero.
What are the specific program activities of the Alaska Charter Association, given its NTEE code S41 (Recreational & Sporting Camps)?
While the NTEE code suggests recreational and sporting camps, the filings do not provide detailed program descriptions, making it difficult to assess specific activities.
Filing History
IRS 990 filing history for Alaska Charter Association showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2014–2016), Alaska Charter Association's revenue has declined by 74.6%, moving from $40K to $10K. Total assets decreased by 57.1% over the same period, from $27K to $12K. Total functional expenses fell by 73.2%, from $46K to $12K. In its most recent filing year (2016), Alaska Charter Association reported a deficit of $2K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $10K | $12K | $12K | $0 | — | — |
| 2015 | $42K | $70K | $14K | $0 | — | View 990 |
| 2014 | $40K | $46K | $27K | $18K | — | — |
Year-by-Year Financial Summary
- 2016: Revenue of $10K, expenses of $12K, and assets of $12K (revenue -76.3% year-over-year).
- 2015: Revenue of $42K, expenses of $70K, and assets of $14K (revenue +7.1% year-over-year).
- 2014: Revenue of $40K, expenses of $46K, and assets of $27K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Alaska Charter Association:
Data Sources and Methodology
This transparency report for Alaska Charter Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.