Puget Sound Restoration Fund

Analysis

Puget Sound Restoration Fund is a registered charity in United States, based in Bainbridge Is, WA. It received its IRS tax-exemption ruling in April 1997, 29 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 December 2023, Puget Sound Restoration Fund reported income of $3.5m and spending of $2.1m, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $3.5m (+107%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 110%. Over the whole period it spent 79% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Puget Sound Restoration Fund 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 Global Forest Generation Inc ($3.5m), Garfield Park Conservatory Alliance ($3.5m) and Coastal Quest ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $295k (14% of expenses). Other salaries and wages came to $864k. At year end it held assets of $4.1m against liabilities of $110k, net assets of $4.0m. It reported 25 employees.