Skagway Development Corporation- Community Development Services

Analysis

Skagway Development Corporation- Community Development Services is a registered charity in United States, based in Skagway, AK. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Skagway Development Corporation- Community Development Services reported income of $187k and spending of $331k, spending 177% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $301k to $187k (-38%), an average of -38% a year. The sharpest change came in the year to December 2023, when income dropped by 38%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Skagway Development Corporation- Community Development Services sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 48th percentile within AK. Charities of a similar size with the same main cause include Chaffee County Childcare ($187k), Volunteer Caregivers Program of the Greater Hornell Area Inc-Int Faith ($187k) and One More One Less Project ($187k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 121% of the total. At year end it held assets of $116k against liabilities of $22k, net assets of $94k.