Vashon Maury Island Heritage Association

Analysis

Vashon Maury Island Heritage Association is a registered charity in United States, based in Vashon, WA. It received its IRS tax-exemption ruling in December 1976, 50 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Vashon Maury Island Heritage Association reported income of $389k and spending of $327k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $163k to $389k (+139%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 76%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vashon Maury Island Heritage Association sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within WA. Charities of a similar size with the same main cause include Community Council of Warren County Inc ($389k), New Hartford Public Library ($389k) and Trumbull United Soccer Club Inc ($389k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $69k (21% of expenses). Other salaries and wages came to $41k. At year end it held assets of $1.0m against liabilities of $179k, net assets of $834k. It reported 3 employees.