Sky Foundation Inc

Analysis

Sky Foundation Inc is a registered charity in United States, based in Birmingham, MI. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Sky Foundation Inc reported income of $700k and spending of $452k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $450k to $700k (+56%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 93%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sky Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MI. Charities of a similar size with the same main cause include Multiple Sclerosis Center of Southwest Florida Inc ($700k), Hers Breast Cancer Foundation ($700k) and Arizona Elks Major Projects Inc ($699k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. Compensation of current officers, directors and key employees was $3,325 (0.7% of expenses). Other salaries and wages came to $187k. At year end it held assets of $644k against liabilities of $28k, net assets of $615k. It reported 3 employees.