Alaska Correctional Ministries Inc
EIN: 261161661 · Anchorage, AK · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $492K |
| Total Expenses | $367K |
| Net Assets | $788K |
Is Alaska Correctional Ministries Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Alaska Correctional Ministries Inc
Alaska Correctional Ministries Inc (EIN: 261161661) is a nonprofit organization based in Anchorage, AK, classified under NTEE code X20. The organization reported total revenue of $492K and total assets of $839K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Alaska Correctional Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Alaska Correctional Ministries Inc is a small nonprofit that has been operating for 18 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $308K |
| Total Expenses | $367K |
| Surplus / Deficit | $-59,167 |
| Total Assets | $809K |
| Total Liabilities | $21K |
| Net Assets | $788K |
| Operating Margin | -19.2% |
| Debt-to-Asset Ratio | 2.6% |
| Months of Reserves | 26.4 months |
Financial Health Grade: B
In 2023, Alaska Correctional Ministries Inc reported a deficit of $59K with expenses exceeding revenue, holds 26.4 months of operating reserves (strong position), has a debt-to-asset ratio of 2.6% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Alaska Correctional Ministries Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -27.7% | -5.8% | -7.1% |
| 2022 | +7.9% | -2.2% | +18.6% |
| 2021 | -8.5% | +16.1% | -1.1% |
| 2020 | +3.7% | -17.3% | +8.7% |
| 2019 | -46.7% | -9.4% | -4.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7120 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Alaska Correctional Ministries Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Alaska Correctional Ministries Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $59K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.6%.
Frequently Asked Questions about Alaska Correctional Ministries Inc
Is Alaska Correctional Ministries Inc a legitimate charity?
Alaska Correctional Ministries Inc (EIN: 261161661) is a registered tax-exempt nonprofit based in Alaska. It has 14 years of IRS 990 filings on record. Total revenue: $492K. No red flags identified. Financial health grade: B.
How does Alaska Correctional Ministries Inc spend its money?
Alaska Correctional Ministries Inc reported $492K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Alaska Correctional Ministries Inc tax-deductible?
Alaska Correctional Ministries Inc is registered as a tax-exempt nonprofit (EIN: 261161661). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Alaska Correctional Ministries Inc located?
Alaska Correctional Ministries Inc is headquartered in Anchorage, Alaska and files with the IRS under EIN 261161661. It is classified under NTEE code X20.
How many years of IRS 990 filings does Alaska Correctional Ministries Inc have?
Alaska Correctional Ministries Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $492K in total revenue.
Filing History
IRS 990 filing history for Alaska Correctional Ministries Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Alaska Correctional Ministries Inc's revenue has declined by 25.5%, moving from $414K to $308K. Total assets increased by 95.6% over the same period, from $414K to $809K. Total functional expenses rose by 0.5%, from $366K to $367K. In its most recent filing year (2023), Alaska Correctional Ministries Inc reported a deficit of $59K, with expenses exceeding revenue. The organization holds $21K in liabilities against $809K in assets (debt-to-asset ratio: 2.6%), resulting in net assets of $788K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $308K | $367K | $809K | $21K | — | — |
| 2022 | $426K | $390K | $870K | $38K | — | View 990 |
| 2021 | $395K | $399K | $734K | $7K | — | View 990 |
| 2020 | $432K | $344K | $742K | $11K | — | View 990 |
| 2019 | $416K | $415K | $683K | $3K | — | — |
| 2018 | $782K | $458K | $718K | $6K | — | View 990 |
| 2017 | $434K | $429K | $657K | $268K | — | View 990 |
| 2016 | $442K | $475K | $653K | $269K | — | View 990 |
| 2015 | $427K | $398K | $697K | $280K | — | View 990 |
| 2014 | $396K | $466K | $658K | $269K | — | View 990 |
| 2013 | $805K | $505K | $721K | $262K | — | View 990 |
| 2012 | $104K | $97K | $446K | $287K | — | View 990 |
| 2012 | $482K | $452K | $441K | $289K | — | View 990 |
| 2011 | $414K | $366K | $414K | $291K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $308K, expenses of $367K, and assets of $809K (revenue -27.7% year-over-year).
- 2022: Revenue of $426K, expenses of $390K, and assets of $870K (revenue +7.9% year-over-year).
- 2021: Revenue of $395K, expenses of $399K, and assets of $734K (revenue -8.5% year-over-year).
- 2020: Revenue of $432K, expenses of $344K, and assets of $742K (revenue +3.7% year-over-year).
- 2019: Revenue of $416K, expenses of $415K, and assets of $683K (revenue -46.7% year-over-year).
- 2018: Revenue of $782K, expenses of $458K, and assets of $718K (revenue +80.1% year-over-year).
- 2017: Revenue of $434K, expenses of $429K, and assets of $657K (revenue -1.7% year-over-year).
- 2016: Revenue of $442K, expenses of $475K, and assets of $653K (revenue +3.5% year-over-year).
- 2015: Revenue of $427K, expenses of $398K, and assets of $697K (revenue +7.8% year-over-year).
- 2014: Revenue of $396K, expenses of $466K, and assets of $658K (revenue -50.8% year-over-year).
- 2013: Revenue of $805K, expenses of $505K, and assets of $721K (revenue +676.3% year-over-year).
- 2012: Revenue of $104K, expenses of $97K, and assets of $446K (revenue -78.5% year-over-year).
- 2012: Revenue of $482K, expenses of $452K, and assets of $441K (revenue +16.4% year-over-year).
- 2011: Revenue of $414K, expenses of $366K, and assets of $414K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Alaska Correctional Ministries Inc:
Data Sources and Methodology
This transparency report for Alaska Correctional Ministries Inc 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.