Skagit Pre-School Association and Resource Center

Analysis

Skagit Pre-School Association and Resource Center is a registered charity in United States, based in Mount Vernon, WA. It received its IRS tax-exemption ruling in June 1968, 58 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Skagit Pre-School Association and Resource Center reported income of $3.2m and spending of $2.9m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $3.2m (+118%), an average of +22% a year. The sharpest change came in the year to June 2020, when income rose by 44%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Skagit Pre-School Association and Resource Center sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within WA. Charities of a similar size with the same main cause include Mi Escuela Montessori Inc ($3.2m), Oxbow School ($3.2m) and Soundview School ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.6% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $81k (2.8% of expenses). At year end it held assets of $3.0m against liabilities of $811k, net assets of $2.2m. It reported 75 employees.