Skagit Land Trust

Analysis

Skagit Land Trust is a registered charity in United States, based in Mount Vernon, WA. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 Land Trust reported income of $3.6m and spending of $1.3m, leaving 62% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $3.5m to $3.6m (+1.2%), an average of +0.3% a year. The sharpest change came in the year to March 2022, when income rose by 51%. Over the whole period it spent 35% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Skagit Land Trust sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WA. Charities of a similar size with the same main cause include B Team Headquarters Inc ($3.6m), Amazon Watch ($3.6m) and Teton Regional Land Trust ($3.6m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 86% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $124k (9.2% of expenses). Other salaries and wages came to $596k. At year end it held assets of $31.4m against liabilities of $523k, net assets of $30.9m. It reported 11 employees.