Anacortes Schools Foundation

Analysis

Anacortes Schools Foundation is a registered charity in United States, based in Anacortes, WA. It received its IRS tax-exemption ruling in January 1985, 41 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, Anacortes Schools Foundation reported income of $1.1m and spending of $948k, spending 88% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $446k to $1.1m (+142%), an average of +19% a year. The sharpest change came in the year to December 2019, when income rose by 152%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Anacortes Schools Foundation sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within WA. Charities of a similar size with the same main cause include Eastern Area Community Ministries Inc ($1.1m), American Civil Liberties Union Foundation of Rhode Island ($1.1m) and Northcentral Technical College Foundation Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $62k. At year end it held assets of $5.3m against liabilities of $0, net assets of $5.3m. It reported 1 employees.