Sakonnet Preservation Assoc Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Sakonnet Preservation Assoc Inc is a 501(c)(3) organization based in L Compton, Rhode Island, registered in 1972, with $849,048 in FY2024 revenue. CharityIndex grades it B.
Po Box 945, L Compton, RI, 02837 EIN 23-7225987 Since 1972
Revenue (FY2024)
$849K
▼ 67.4% vs prior year
Expenses (FY2024)
$610K
Net assets
$8.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Sakonnet Preservation Assoc Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating169 mo reserves · +28% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Sakonnet Preservation Assoc Inc: 169 mo reserves · +28% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Sakonnet Preservation Assoc Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Sakonnet Preservation Assoc Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 945, L Compton, RI, 02837
- City
- L Compton
- State
- Rhode Island
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $447K (FY2020) to $849K (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $36KNet assets $8.6M
Operating margin
28.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$8.6M
Total liabilities
$36K
Net assets
$8.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $849,048▼67.4% | $610,442▼75.4% | $8,574,857▲2.8% | $8,610,647▲2.6% | 990 |
| 2023 | $2,606,179▲122% | $2,480,085▲301% | $8,337,451▲3.2% | $8,396,337▲3.0% | 990 |
| 2022 | $1,175,105▼67.9% | $618,294▼78.4% | $8,081,332▲4.6% | $8,155,545▲5.0% | 990 |
| 2021 | $3,666,448▲720% | $2,863,280▲2906% | $7,729,523▲13.6% | $7,767,895▲13.6% | 990 |
| 2020 | $447,239 | $95,262 | $6,804,542 | $6,837,150 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $686K total
49 grants to Sakonnet Preservation Assoc Inc totaling $686K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Rhode Island Community Foundation | Art - arts and culture (primary) | 2024 | $13,500 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $28,333 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $24,150 |
| The Rhode Island Community Foundation | Environment | 2023 | $11,250 |
| Boston Foundation Inc | Operating support/annual fund | 2023 | $5,500 |
| Donor Advised Charitable Giving | Environmental and animals | 2023 | $5,150 |
| Boston Foundation Inc | Capital campaign | 2022 | $25,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $20,025 |
| The Rhode Island Community Foundation | Endowment | 2022 | $10,000 |
| Community Foundation of New Jersey | Unrestricted grant to support organization's exempt purpose | 2022 | $6,000 |
| Boston Foundation Inc | Operating support/annual fund | 2022 | $5,250 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2022 | $5,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2021 | $95,000 |
| The Rhode Island Community Foundation | Capital campaign; program support; open space preservation; 50th anniversary celebration/gala; general support | 2021 | $42,500 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2021 | $39,594 |
Frequently asked questions
- Is Sakonnet Preservation Assoc Inc a legitimate nonprofit?
- Yes. Sakonnet Preservation Assoc Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7225987, based in L Compton, Rhode Island. Donations are tax-deductible.
- What is Sakonnet Preservation Assoc Inc's EIN?
- Sakonnet Preservation Assoc Inc's Employer Identification Number (EIN) is 23-7225987.
- How much revenue does Sakonnet Preservation Assoc Inc report?
- Sakonnet Preservation Assoc Inc reported $849,048 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Sakonnet Preservation Assoc Inc have?
- CharityIndex grades Sakonnet Preservation Assoc Inc B, based on financial health (reserves and operating margin).
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Data for Sakonnet Preservation Assoc Inc (EIN 23-7225987) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.