Skagit Valley Herald Christmas Fund

Analysis

Skagit Valley Herald Christmas Fund is a registered charity in United States, based in Mount Vernon, WA. It received its IRS tax-exemption ruling in December 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 March 2024, Skagit Valley Herald Christmas Fund reported income of $198k and spending of $183k, spending 92% of its income. Across the 3 years on record, from March 2022 to March 2024, income fell from $201k to $198k (-1.5%), an average of -0.8% a year. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Skagit Valley Herald Christmas Fund sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 50th percentile within WA. Charities of a similar size with the same main cause include Foster One ($198k), Kindred Spirits Care Farm ($198k) and Uunik Academy Inc ($198k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $321k against liabilities of $0, net assets of $321k.