Skaneateles Recreational Charitable TR

Analysis

Skaneateles Recreational Charitable TR is a registered charity in United States, based in Skaneateles, NY. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Skaneateles Recreational Charitable TR reported income of $1.5m and spending of $974k, leaving 33% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $175k to $1.5m (+732%), an average of +103% a year. The sharpest change came in the year to June 2023, when income rose by 5338%. Over the whole period it spent 127% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Skaneateles Recreational Charitable TR sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include The3pointfoundation Inc ($1.5m), Pacific Northwest Qualifier ($1.5m) and Collision Ministries Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $9.7m against liabilities of $291k, net assets of $9.5m.