Skagit Valley Hospitality House Association

Analysis

Skagit Valley Hospitality House Association is a registered charity in United States, based in Mount Vernon, WA. It received its IRS tax-exemption ruling in March 1991, 35 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 December 2023, Skagit Valley Hospitality House Association reported income of $2.7m and spending of $2.5m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $766k to $2.7m (+256%), an average of +37% a year. The sharpest change came in the year to December 2021, when income rose by 145%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Skagit Valley Hospitality House Association sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within WA. Charities of a similar size with the same main cause include Shelter of Flint Inc ($2.7m), Longfellow Avenue Housing Development Fund Co Inc ($2.7m) and Herman L Anderson Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $129k (5.1% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $2.3m against liabilities of $240k, net assets of $2.0m. It reported 45 employees.