Skagit Community Foundation
Only null% goes to programs Strong reserves Declining revenue
Skagit Community Foundation is a 501(c)(3) organization based in Mount Vernon, Washington, registered in 1995, with $2,256,119 in FY2024 revenue. CharityIndex grades it B.
1220 Memorial Hwy Ste C, Mount Vernon, WA, 98273 EIN 91-1572414 Since 1995
Revenue (FY2024)
$2.3M
▼ 59.8% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$2.3M
Net assets
$13.1M
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 Skagit Community Foundation— 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 rating68 mo reserves · -4% 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 Skagit Community Foundation: 68 mo reserves · -4% 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 Skagit Community Foundation— 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 Skagit Community Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1220 Memorial Hwy Ste C, Mount Vernon, WA, 98273
- City
- Mount Vernon
- State
- Washington
- Subcategory
- Public Foundations
- Website
- …
Financial trends
Revenue grew from $333K (FY2013) to $2.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $563KNet assets $13.1M
Operating margin
-3.5%
Spent more than it raised in the latest fiscal year.
Total assets
$13.7M
Total liabilities
$563K
Net assets
$13.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,256,119▼59.8% | $2,335,978▼4.6% | $13,143,222▲5.8% | $13,706,148▲6.2% | 990 |
| 2023 | $5,607,402▲526% | $2,447,835▲81.8% | $12,420,697▲50.5% | $12,910,062▲49.0% | 990 |
| 2022 | $896,437▼74.4% | $1,346,092▼0.7% | $8,252,684▼17.6% | $8,666,440▼17.2% | 990 |
| 2021 | $3,505,191▲314% | $1,355,917▲19.7% | $10,013,383▲32.5% | $10,462,399▲31.4% | 990 |
| 2020 | $846,795▲26.8% | $1,132,389▲44.7% | $7,554,599▲4.5% | $7,963,859▲4.8% | 990 |
| 2019 | $667,565▼46.2% | $782,828▲58.5% | $7,232,486▲11.7% | $7,602,683▲12.5% | 990 |
| 2018 | $1,241,725▲39.0% | $493,874▲13.6% | $6,473,171▲9.3% | $6,755,729▲8.6% | 990 |
| 2017 | $893,578▲4.6% | $434,682▼17.6% | $5,924,682▲11.3% | $6,220,422▲12.7% | 990 |
| 2016 | $854,388▲11.1% | $527,752▲1.6% | $5,322,881▲8.6% | $5,517,450▲9.0% | 990 |
| 2015 | $768,727▲98.8% | $519,597▲14.6% | $4,902,853▲3.6% | $5,063,077▲4.5% | 990 |
| 2014 | $386,632▲15.9% | $453,477▼7.5% | $4,731,548▼0.1% | $4,847,256▲0.3% | 990 |
| 2013 | $333,481 | $490,353▲24.9% | $4,736,999▲6.0% | $4,830,813▲6.5% | 990 |
| 2012 | — | $392,596▼14.3% | $4,468,647▲0.6% | $4,536,934▲1.2% | 990 |
| 2011 | — | $458,356▼67.7% | $4,440,600▲19.6% | $4,482,515▲19.6% | 990 |
| 2010 | — | $1,419,125 | $3,711,651 | $3,748,782 | 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 · $4.0M total
25 grants to Skagit Community Foundation totaling $4.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Seattle Foundation | To provide general support | 2024 | $120,135 |
| The Seattle Foundation | To provide general support | 2024 | $30,000 |
| The Seattle Foundation | To support the sidney s. mcintyre sr. scholarship fund. | 2023 | $3,094,445 |
| Donor Advised Charitable Giving | Public, societal benefit | 2023 | $35,552 |
| The Seattle Foundation | To provide general support. | 2023 | $30,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $18,561 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $9,665 |
| Donor Advised Charitable Giving | Public, societal benefit | 2022 | $40,200 |
| The Seattle Foundation | To provide general support | 2022 | $30,000 |
| The Seattle Foundation | Disaster relief; to provide general operating support; skagit disaster relief fund; to provide support for all in wa | 2021 | $285,219 |
| Donor Advised Charitable Giving | Public, societal benefit | 2021 | $21,000 |
| The Seattle Foundation | All in wa | 2020 | $67,605 |
| Credit Unions In the State of Washington | Donation | 2020 | $25,000 |
| The Seattle Foundation | To provide general operating support. | 2020 | $25,000 |
| Credit Unions In the State of Washington | Donation | 2020 | $25,000 |
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Frequently asked questions
- Is Skagit Community Foundation a legitimate nonprofit?
- Yes. Skagit Community Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 91-1572414, based in Mount Vernon, Washington. Donations are tax-deductible.
- What is Skagit Community Foundation's EIN?
- Skagit Community Foundation's Employer Identification Number (EIN) is 91-1572414.
- How much revenue does Skagit Community Foundation report?
- Skagit Community Foundation reported $2,256,119 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Skagit Community Foundation have?
- CharityIndex grades Skagit Community Foundation B, based on financial health (reserves and operating margin).
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Explore more
Data for Skagit Community Foundation (EIN 91-1572414) 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.