Pipeline Safety Trust

Analysis

Pipeline Safety Trust is a registered charity in United States, based in Bellingham, WA. It received its IRS tax-exemption ruling in December 2003, 23 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 March 2023, Pipeline Safety Trust reported income of $1.1m and spending of $1.1m, spending 99% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $215k to $1.1m (+401%), an average of +71% a year. The sharpest change came in the year to March 2022, when income rose by 378%. Over the whole period it spent 86% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Pipeline Safety Trust sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within WA. Charities of a similar size with the same main cause include Miami Beach Garden Conservancy Inc ($1.1m), Glacierland Resource Conservation & Development ($1.1m) and Bolsa Chica Conservancy ($1.1m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 76% and program service revenue 8.2% of the total. Compensation of current officers, directors and key employees was $136k (13% of expenses). Other salaries and wages came to $443k. At year end it held assets of $5.1m against liabilities of $178k, net assets of $4.9m. It reported 8 employees.