Assateague Coastal Trust Inc

Analysis

Assateague Coastal Trust Inc is a registered charity in United States, based in Berlin, MD. It received its IRS tax-exemption ruling in May 1982, 44 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, Assateague Coastal Trust Inc reported income of $229k and spending of $346k, spending 151% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $359k to $229k (-36%), an average of -11% a year. The sharpest change came in the year to December 2023, when income dropped by 50%. Over the whole period it spent 92% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Assateague Coastal Trust Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within MD. Charities of a similar size with the same main cause include Gardens of Southeastern North Carolina ($229k), Tsalteshi Trail Association Inc ($230k) and Timucuan Parks Foundation Inc ($229k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $67k (19% of expenses). Other salaries and wages came to $125k. At year end it held assets of $397k against liabilities of $7,645, net assets of $389k. It reported 7 employees.