Sippican Lands Trust Inc

Analysis

Sippican Lands Trust Inc is a registered charity in United States, based in Marion, MA. It received its IRS tax-exemption ruling in May 1987, 39 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, Sippican Lands Trust Inc reported income of $490k and spending of $134k, leaving 73% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $308k to $490k (+59%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 41% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Sippican Lands Trust Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include Coosa Riverkeeper ($489k), Clean and Healthy New York Inc ($490k) and Building Conservation Trust ($489k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 2.4% of the total. Other salaries and wages came to $29k. At year end it held assets of $7.5m against liabilities of $103k, net assets of $7.4m. It reported 4 employees.