Skagit Adult Day Care

Analysis

Skagit Adult Day Care is a registered charity in United States, based in Burlington, WA. It received its IRS tax-exemption ruling in December 1992, 34 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 December 2023, Skagit Adult Day Care reported income of $293k and spending of $269k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $393k to $293k (-25%), an average of -7.1% a year. The sharpest change came in the year to December 2020, when income dropped by 42%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Skagit Adult Day Care sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within WA. Charities of a similar size with the same main cause include Elder Orphan Care ($293k), GT Water Project Inc ($293k) and Roots of Progress ($293k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $63k (23% of expenses). Other salaries and wages came to $110k. At year end it held assets of $333k against liabilities of $159k, net assets of $174k. It reported 7 employees.