Skagit Council on Aging

Analysis

Skagit Council on Aging is a registered charity in United States, based in Mount Vernon, WA. It received its IRS tax-exemption ruling in May 1975, 51 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Skagit Council on Aging reported income of $263k and spending of $188k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $142k to $263k (+85%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Skagit Council on Aging 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 59th percentile, and in the 57th percentile within WA. Charities of a similar size with the same main cause include Woman to Woman Mentoring Inc ($263k), Mary Elizabeth Day Nursery Association ($263k) and Boca Raton Society for the Disabled Inc ($263k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $318k against liabilities of $0, net assets of $318k.