Skagit Valley Neighbors in Need

Analysis

Skagit Valley Neighbors in Need is a registered charity in United States, based in Mount Vernon, WA. It received its IRS tax-exemption ruling in June 1977, 49 years ago. 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 Valley Neighbors in Need reported income of $2.8m and spending of $2.8m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.8m (+76%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Skagit Valley Neighbors in Need sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within WA. Charities of a similar size with the same main cause include Jewish Educational Loan Fund Inc ($2.8m), Visiting Nurse Associ of Northern NJ Affiliated Health Services Inc ($2.8m) and Bikes Not Bombs Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $110k (3.9% of expenses). Other salaries and wages came to $44k. At year end it held assets of $888k against liabilities of $4,170, net assets of $884k. It reported 5 employees.