Sconset Trust Inc
Sconset Trust: Strong Financials, High Program Spending, and Clear Mission Focus
EIN: 222561811 · Siasconset, MA · NTEE: C340 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $21.4M |
| Total Expenses | $634K |
| Program Spending | 90% |
| Net Assets | $39.8M |
| Transparency Score | 92/100 |
Is Sconset Trust Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sconset Trust Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sconset Trust Inc
Sconset Trust Inc (EIN: 222561811) is a nonprofit organization based in Siasconset, MA, classified under NTEE code C340. The organization reported total revenue of $21.4M and total assets of $59.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sconset Trust Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sconset Trust Inc is a large nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $634K |
| Surplus / Deficit | +$1.5M |
| Total Assets | $43.2M |
| Total Liabilities | $3.4M |
| Net Assets | $39.8M |
| Operating Margin | 71.0% |
| Debt-to-Asset Ratio | 7.8% |
| Months of Reserves | 817.4 months |
Financial Health Grade: A
In 2023, Sconset Trust Inc reported a surplus of $1.5M with revenue exceeding expenses, holds 817.4 months of operating reserves (strong position), has a debt-to-asset ratio of 7.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sconset Trust Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +88.4% | -26.2% | +7.0% |
| 2022 | -70.1% | +73.7% | +5.8% |
| 2021 | +460.4% | +41.7% | +4.9% |
| 2020 | -88.5% | -53.4% | +2.7% |
| 2019 | +583.8% | +123.5% | +20.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sconset Trust Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Sconset Trust Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.8%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but the 'c0%' in financial filings suggests no reported compensation for key employees, which is highly favorable.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Sconset Trust Inc:
- Exceptional program spending, with 90% of expenses dedicated to programs.
- Significant asset growth, from $27.9 million in 2016 to $59.1 million in 2023, demonstrating strong financial stewardship.
- Consistent revenue generation, with a notable spike to $21.3 million in 2023.
- Low administrative and fundraising costs, indicating efficient operations.
- Clear and focused mission on land preservation in Siasconset, MA.
Frequently Asked Questions about Sconset Trust Inc
Is Sconset Trust Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sconset Trust Inc (EIN: 222561811) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Sconset Trust Inc spend its money?
Sconset Trust Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sconset Trust Inc tax-deductible?
Sconset Trust Inc is registered as a tax-exempt nonprofit (EIN: 222561811). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Sconset Trust Inc's spending goes to programs?
Sconset Trust Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Sconset Trust Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Sconset Trust Inc is above average for NTEE category C340 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sconset Trust Inc located?
Sconset Trust Inc is headquartered in Siasconset, Massachusetts and files with the IRS under EIN 222561811. It is classified under NTEE code C340.
How many years of IRS 990 filings does Sconset Trust Inc have?
Sconset Trust Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $21.4M in total revenue.
What does Sconset Trust Inc do?
Sconset Trust Inc is a nonprofit organization in the Environment sector, located in Siasconset, Massachusetts. It is classified under NTEE code C340.
How much revenue does Sconset Trust Inc have?
Sconset Trust Inc reported total revenue of $21,360,100. Based on 13 IRS 990 filings on record.
What are Sconset Trust Inc's total assets?
Sconset Trust Inc holds total assets of $59,148,570 as reported in IRS 990 filings.
Where is Sconset Trust Inc located?
Sconset Trust Inc is based in Siasconset, Massachusetts.
What is Sconset Trust Inc's EIN?
Sconset Trust Inc's Employer Identification Number (EIN) is 222561811. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Sconset Trust Inc?
Sconset Trust Inc is classified under NTEE code C340 (Environment).
Is Sconset Trust Inc a registered 501(c)(3)?
Yes, Sconset Trust Inc is recognized as a tax-exempt organization by the IRS. EIN: 222561811.
Does Sconset Trust Inc file IRS Form 990?
Yes, Sconset Trust Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Sconset Trust Inc's revenue in 2023?
In the 202312 filing period, Sconset Trust Inc reported total revenue of $2,183,756, total expenses of $633,858, and net assets of $43,176,684.
Is Sconset Trust Inc's revenue growing or declining?
Sconset Trust Inc's revenue is growing. Revenue went from $1,159,377 (202212) to $2,183,756 (202312), a +88.4% change. Based on 13 filings on record.
What is Sconset Trust Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Sconset Trust Inc covers tax period 202312. It shows revenue of $2,183,756, expenses of $633,858, total assets of $43,176,684, and liabilities of $3,361,362.
How much does Sconset Trust Inc spend on programs vs administration?
Based on IRS 990 analysis, Sconset Trust Inc allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Sconset Trust Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Sconset Trust Inc appears trustworthy. Mission Score: 92/100 (Excellent). No red flags identified. 5 strengths noted.
What are Sconset Trust Inc's strengths?
Positive indicators for Sconset Trust Inc include: Exceptional program spending, with 90% of expenses dedicated to programs.. Significant asset growth, from $27.9 million in 2016 to $59.1 million in 2023, demonstrating strong financial stewardship.. Consistent revenue generation, with a notable spike to $21.3 million in 2023.. Low administrative and fundraising costs, indicating efficient operations.. Clear and focused mission on land preservation in Siasconset, MA.. These findings are derived from AI analysis of the organization's financial filings.
How does Sconset Trust Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, but the 'c0%' in financial filings suggests no reported compensation for key employees, which is highly favorable. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'c0%' for compensation across all years, does Sconset Trust Inc. rely solely on volunteer leadership, or is executive compensation reported under a different category?
The 'c0%' indicates no reported compensation for officers, directors, trustees, or key employees on the Form 990, suggesting a volunteer-led model or that any compensation falls below reporting thresholds or is categorized differently, which would require further investigation into their detailed financial statements.
What factors contributed to the substantial increase in revenue from $1.1 million in 2022 to $21.3 million in 2023?
The significant jump in revenue from $1,159,377 in 2022 to $21,360,100 in 2023 likely indicates a major capital campaign, a large one-time donation, or a substantial grant received in that fiscal year, which would be detailed in their full financial statements.
Filing History
IRS 990 filing history for Sconset Trust Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sconset Trust Inc's revenue has grown by 180.4%, moving from $779K to $2.2M. Total assets increased by 116.5% over the same period, from $19.9M to $43.2M. Total functional expenses rose by 170.7%, from $234K to $634K. In its most recent filing year (2023), Sconset Trust Inc reported a surplus of $1.5M, with revenue exceeding expenses. The organization holds $3.4M in liabilities against $43.2M in assets (debt-to-asset ratio: 7.8%), resulting in net assets of $39.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $634K | $43.2M | $3.4M | — | — |
| 2022 | $1.2M | $859K | $40.3M | $3.2M | — | View 990 |
| 2021 | $3.9M | $494K | $38.1M | $53K | — | View 990 |
| 2020 | $692K | $349K | $36.3M | $37K | — | View 990 |
| 2019 | $6.0M | $749K | $35.4M | $7K | — | View 990 |
| 2018 | $878K | $335K | $29.3M | $16K | — | View 990 |
| 2017 | $889K | $324K | $29.0M | $9K | — | View 990 |
| 2016 | $782K | $469K | $28.0M | $19K | — | View 990 |
| 2015 | $709K | $340K | $27.5M | $7K | — | View 990 |
| 2014 | $788K | $426K | $27.1M | $3K | — | View 990 |
| 2013 | $1.6M | $421K | $26.8M | $33K | — | View 990 |
| 2012 | $6.1M | $389K | $26.5M | $908K | — | View 990 |
| 2011 | $779K | $234K | $19.9M | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $634K, and assets of $43.2M (revenue +88.4% year-over-year).
- 2022: Revenue of $1.2M, expenses of $859K, and assets of $40.3M (revenue -70.1% year-over-year).
- 2021: Revenue of $3.9M, expenses of $494K, and assets of $38.1M (revenue +460.4% year-over-year).
- 2020: Revenue of $692K, expenses of $349K, and assets of $36.3M (revenue -88.5% year-over-year).
- 2019: Revenue of $6.0M, expenses of $749K, and assets of $35.4M (revenue +583.8% year-over-year).
- 2018: Revenue of $878K, expenses of $335K, and assets of $29.3M (revenue -1.2% year-over-year).
- 2017: Revenue of $889K, expenses of $324K, and assets of $29.0M (revenue +13.7% year-over-year).
- 2016: Revenue of $782K, expenses of $469K, and assets of $28.0M (revenue +10.3% year-over-year).
- 2015: Revenue of $709K, expenses of $340K, and assets of $27.5M (revenue -10.1% year-over-year).
- 2014: Revenue of $788K, expenses of $426K, and assets of $27.1M (revenue -50.8% year-over-year).
- 2013: Revenue of $1.6M, expenses of $421K, and assets of $26.8M (revenue -73.6% year-over-year).
- 2012: Revenue of $6.1M, expenses of $389K, and assets of $26.5M (revenue +678.1% year-over-year).
- 2011: Revenue of $779K, expenses of $234K, and assets of $19.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sconset Trust Inc:
Data Sources and Methodology
This transparency report for Sconset Trust Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.