Siasconset Beach Preservation Fund Inc

Analysis

Siasconset Beach Preservation Fund Inc is a registered charity in United States, based in Nantucket, MA. It received its IRS tax-exemption ruling in January 1994, 32 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 December 2023, Siasconset Beach Preservation Fund Inc reported income of $875k and spending of $638k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $875k (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2021, when income rose by 138%. Over the whole period it spent 131% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Siasconset Beach Preservation Fund Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Westmoreland Land Trust ($874k), Vineyard Conservation Society Inc ($875k) and Tenafly Nature Center Association ($873k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $19k. At year end it held assets of $3.8m against liabilities of $6.7m, net assets of -$3.0m. It reported 1 employees.