Skagit Valley College Foundation C-12 Campus Center Building

Analysis

Skagit Valley College Foundation C-12 Campus Center Building is a registered charity in United States, based in Mount Vernon, WA. It received its IRS tax-exemption ruling in March 1978, 48 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Skagit Valley College Foundation C-12 Campus Center Building reported income of $6.0m and spending of $2.4m, leaving 60% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.5m to $6.0m (+71%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 49%. Over the whole period it spent 50% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Skagit Valley College Foundation C-12 Campus Center Building sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within WA. Charities of a similar size with the same main cause include Westside Christian Academy ($6.0m), Blue Oak School ($6.0m) and North Florida Child Development Inc ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $136k (5.7% of expenses). At year end it held assets of $25.4m against liabilities of $559k, net assets of $24.9m.