Anacortes Skate Park Improvement Project

Analysis

Anacortes Skate Park Improvement Project is a registered charity in United States, based in Anacortes, WA. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Anacortes Skate Park Improvement Project reported income of $638k and spending of $1.2m, spending 184% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $536k to $638k (+19%), an average of +9.0% a year. The sharpest change came in the year to December 2023, when income rose by 4770%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Anacortes Skate Park Improvement Project sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within WA. Charities of a similar size with the same main cause include Economic Development Corporation ($638k), Texas Tribal Buffalo Project ($638k) and Al Community Development Corporation ($637k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $1.2m against liabilities of $1.2m, net assets of $31k.