Skyhook Foundation

Analysis

Skyhook Foundation is a registered charity in United States, based in Costa Mesa, CA. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Skyhook Foundation reported income of $382k and spending of $275k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $518k to $382k (-26%), an average of -7.3% a year. The sharpest change came in the year to December 2023, when income rose by 117%. Over the whole period it spent 59% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Skyhook Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Onevirginia2021 Foundation ($382k), Friends of the Genoa Tower Inc ($383k) and Kiwanis Club of Lehigh Acres Foundation Inc ($382k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $102k. At year end it held assets of $1.1m against liabilities of $139k, net assets of $932k. It reported 4 employees.