Somerset Woods Trustees

Analysis

Somerset Woods Trustees is a registered charity in United States, based in Skowhegan, ME. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Somerset Woods Trustees reported income of $726k and spending of $152k, leaving 79% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $464k to $726k (+57%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 1072%. Over the whole period it spent 23% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Somerset Woods Trustees sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within ME. Charities of a similar size with the same main cause include Friends of Princeton Open Space ($726k), Gettysburg Nature Alliance ($727k) and Kenai Watershed Forum ($725k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $52k (34% of expenses). Other salaries and wages came to $5,600. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m. It reported 2 employees.