Skagit Valley Hospital Foundation

Analysis

Skagit Valley Hospital Foundation is a registered charity in United States, based in Mount Vernon, WA. It received its IRS tax-exemption ruling in July 1993, 33 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Valley Hospital Foundation reported income of $4.1m and spending of $1.5m, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $917k to $4.1m (+344%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 444%. Over the whole period it spent 56% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Skagit Valley Hospital Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within WA. Charities of a similar size with the same main cause include Promise Resource Network Inc ($4.1m), New Choice Intervention Inc ($4.1m) and New Jersey Chapter American Academy of Pediatrics Inc ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. At year end it held assets of $5.7m against liabilities of $26k, net assets of $5.6m.