Sipson Island Trust Inc

Analysis

Sipson Island Trust Inc is a registered charity in United States, based in South Orleans, MA. It received its IRS tax-exemption ruling in February 2020, 6 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, Sipson Island Trust Inc reported income of $590k and spending of $53k, leaving 91% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $4.4m to $590k (-87%), an average of -49% a year. The sharpest change came in the year to December 2023, when income rose by 254%. Over the whole period it spent 5.6% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Sipson Island Trust Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Lake Owen Association Inc ($589k), Direct Air Capture Coalition Inc ($590k) and Washington Native Plant Society ($589k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5.4m against liabilities of $142k, net assets of $5.3m.