Orcas Island Community Foundation

Analysis

Orcas Island Community Foundation is a registered charity in United States, based in Eastsound, WA. It received its IRS tax-exemption ruling in October 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Orcas Island Community Foundation reported income of $7.2m and spending of $4.7m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $7.2m (+256%), an average of +37% a year. The sharpest change came in the year to December 2020, when income rose by 240%. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Orcas Island Community Foundation sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within WA. Charities of a similar size with the same main cause include Innw Fund ($7.2m), Others First Inc ($7.2m) and The Summit Foundation ($7.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $168k (3.6% of expenses). Other salaries and wages came to $122k. At year end it held assets of $27.3m against liabilities of $71k, net assets of $27.3m. It reported 5 employees.