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Alaska Business Development Center Inc

EIN 92-0077825 · Anchorage, AK

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong93 out of 100GovernanceWeak39 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

ALASKA BUSINESS DEVELOPMENT CENTER INC PROVIDES MANAGEMENT AND TECHNICAL ASSISTANCE, FREE TAX EDUCATION, FREE TAX PREPARATION, BUSINESS RELATED WORKSHOPS, TAX PROBLEM RESOLUTION, CREATIVE FINANCIAL PROBLEM SOLVING AND LOAN/GRANT APPLICATION ASSISTANCE TO RURAL ALASKAN RESIDENTS.

Income
$836,069
Spending
$739,734
Spent on programs
100%
Reserves
9.8 months of spending
Largest source of income
fees for its services, 55%
Employees
16
Highest pay
$97,046, president

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 93 out of 100. Higher than 78% of charities in its peer group (community improvement, $250k to $1m).

  • Reserves

    28 of 35

    Spendable reserves would cover 9.8 months of spending.

  • Debt

    20 of 20

    It owes 8% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 12% of income.

  • Income trend

    15 of 15

    Income rose 25% on the year before.

  • Spending floor

    15 of 15

    100% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 39 out of 100. Higher than 7% of charities in its peer group (community improvement, $250k to $1m).

  • Independent board

    18 of 25

    2 of 3 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (5)
  1. $432,311 spent. ABDC ASSISTED LOW INCOME FAMILIES IN RURAL ALASKA PREPARE CURRENT YEAR TAX RETURNS.
  2. $250,818 spent. ABDC PROVIDED TAX EDUCATIONAL SERVICES AND RESOLUTION OF TAX CONTROVERSIES TO LOW INCOME ALASKAN FAMILIES
  3. $17,500 spent. ABDC PROVIDED CURRENT YEAR TAX PREPARATION TO SENIOR CITIZENS IN RURAL ALASKA
  4. $39,105 spent. ABDC PROVIDED LEGAL AND CONSULTING SERVICES FOR IRS CONTROVERSIES AND PROVIDED ADDITIONAL SERVICES AND RAISED REVENUE FOR ALL PROGRAMS
  5. ABDC PROVIDED LEGAL AND CONSULTING SERVICES FOR IRS CONTROVERSIES AND PROVIDED ADDITIONAL SERVICES AND RAISED REVENUE FOR ALL PROGRAMS

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since May 1982.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.