Skagit Hospice Foundation

Analysis

Skagit Hospice Foundation is a registered charity in United States, based in Mount Vernon, WA. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Skagit Hospice Foundation reported income of $635k and spending of $690k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $962k to $635k (-34%), an average of -9.9% a year. The sharpest change came in the year to December 2020, when income dropped by 23%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Skagit Hospice Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within WA. Charities of a similar size with the same main cause include Beauty Bus Foundation ($635k), Fresh Start Sober Living Programs ($636k) and Anamosa Area Ambulance Service ($635k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $72k (10% of expenses). Other salaries and wages came to $86k. At year end it held assets of $4.9m against liabilities of $52k, net assets of $4.8m. It reported 3 employees.