Skagit Council Housing

Analysis

Skagit Council Housing is a registered charity in United States, based in Mount Vernon, WA. It received its IRS tax-exemption ruling in May 1980, 46 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Skagit Council Housing reported income of $1.4m and spending of $818k, leaving 41% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $877k to $1.4m (+58%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 62%. Over the whole period it spent 65% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Skagit Council Housing sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within WA. Charities of a similar size with the same main cause include The Russell House Inc ($1.4m), Ark Assessment Center and Emergency Shelter for Youth ($1.4m) and LA Casa de Felicidad Housing Development Fund Corporation ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 77% and program service revenue 23% of the total. Other salaries and wages came to $86k. At year end it held assets of $1.4m against liabilities of $1.3m, net assets of $104k.