Whatcom-Skagit Housing

Analysis

Whatcom-Skagit Housing is a registered charity in United States, based in Ferndale, WA. It received its IRS tax-exemption ruling in May 1978, 48 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Whatcom-Skagit Housing reported income of $981k and spending of $616k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $768k to $981k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 72% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Whatcom-Skagit Housing sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within WA. Charities of a similar size with the same main cause include Fort Hudson Residences Inc ($981k), Housing Plus ($982k) and Faulding Hotel Inc ($981k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. Other salaries and wages came to $300k. At year end it held assets of $7.8m against liabilities of $3.3m, net assets of $4.5m. It reported 8 employees.