Skagit Fisheries Enhancement Group

Analysis

Skagit Fisheries Enhancement Group is a registered charity in United States, based in Mount Vernon, WA. It received its IRS tax-exemption ruling in August 1994, 32 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 Fisheries Enhancement Group reported income of $1.7m and spending of $1.7m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $1.7m (+2.4%), an average of +0.6% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 97% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Skagit Fisheries Enhancement Group sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within WA. Charities of a similar size with the same main cause include Nassau Humane Society Inc ($1.7m), Lost Meadows Mule Refuge Inc ($1.7m) and No Nonsense Neutering Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $91k (5.4% of expenses). Other salaries and wages came to $496k. At year end it held assets of $842k against liabilities of $270k, net assets of $572k. It reported 14 employees.