South of the Sound Community Farm Land Trust

Analysis

South of the Sound Community Farm Land Trust is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in November 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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, South of the Sound Community Farm Land Trust reported income of $195k and spending of $186k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $153k to $195k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2020, when income rose by 311%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, South of the Sound Community Farm Land Trust sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within WA. Charities of a similar size with the same main cause include Evans Scholars Foundation ($195k), Kettle Moraine Education Foundation Inc ($195k) and Language Learning Center-Brazos Valley Inc ($195k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 29% of the total. Other salaries and wages came to $96k. At year end it held assets of $1.4m against liabilities of $15k, net assets of $1.4m. It reported 3 employees.