Sconset Trust Inc

Analysis

Sconset Trust Inc is a registered charity in United States, based in Siasconset, MA. It received its IRS tax-exemption ruling in March 1985, 41 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, Sconset Trust Inc reported income of $2.2m and spending of $634k, leaving 71% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.0m to $2.2m (-64%), an average of -22% a year. The sharpest change came in the year to December 2021, when income rose by 460%. Over the whole period it spent 22% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Sconset Trust Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include New Space New Mexico ($2.2m), Northern California Resource Center ($2.2m) and The Scrap Exchange Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $184k. At year end it held assets of $43.2m against liabilities of $3.4m, net assets of $39.8m. It reported 5 employees.