Skagit Pre-school Association and Resource Center is a 501(c)(3) organization based in Mount Vernon, Washington, registered in 1968, with $4,149,416 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$4.1M
▲ 9.1% vs prior year
Education median: $200K
Expenses (FY2024)
$4.1M
Net assets
$1.7M
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →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 Pre-school Association and Resource Center— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Pre-school Association and Resource Center: 5 mo reserves · +2% margin earns a A on this criterion. See the exact thresholds →
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 Pre-school Association and Resource Center— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Pre-school Association and Resource Center: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $2.1M (FY2019) to $4.1M (FY2024) across 6 reported years.
Financial snapshot
Operating margin
1.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.7M
Total liabilities
$990K
Net assets
$1.7M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $4,149,416▲9.1% | $4,084,309▼4.7% | $1,741,138▲3.9% | $2,731,538▼2.3% | 990 |
| 2023 | $3,802,450▲20.4% | $4,285,393▲48.8% | $1,676,031▼22.4% | $2,795,241▼5.9% | 990 |
| 2022 | $3,157,444▲19.1% | $2,880,738▲22.1% | $2,158,974▲14.8% | $2,970,302▲33.2% | 990 |
| 2021 | $2,652,142▲32.1% | $2,358,560▲12.7% | $1,880,846▲18.5% | $2,230,616▲16.1% | 990 |
| 2020 | $2,007,715▼3.6% | $2,092,545▲11.1% | $1,587,264▲9.6% | $1,921,768▼3.3% | 990 |
| 2019 | $2,082,406 | $1,882,942▲109% | $1,448,620▲275% | $1,986,425▲314% | 990 |
| 2012 | — | $901,849▲3.0% | $385,932▲18.7% | $480,082▲13.5% | 990 |
| 2011 | — | $875,927 | $325,055 | $422,822 | 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.
3 grants to Skagit Pre-school Association and Resource Center totaling $23K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Whatcom Educational Credit Union | Education grant | 2024 | $11,500 |
| The Albertsons Companies Foundation | People with disabilities | 2024 | $6,600 |
| The Blackbaud Giving Fund | Charitable | 2016 | $5,000 |
Explore more
Data for Skagit Pre-school Association and Resource Center (EIN 91-0775902) 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.