Skys the Limit Fund

Analysis

Skys the Limit Fund is a registered charity in United States, based in S Lake Tahoe, CA. It received its IRS tax-exemption ruling in October 2010, 16 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 June 2023, Skys the Limit Fund reported income of $1.7m and spending of $2.2m, spending 129% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.3m to $1.7m (+30%), an average of +9.1% a year. The sharpest change came in the year to June 2021, when income rose by 50%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Skys the Limit Fund sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Choices for Women Resource Center Inc ($1.7m), Make a Way Cpa Inc ($1.7m) and Capital Centers of Virginia ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $127k (5.9% of expenses). Other salaries and wages came to $341k. At year end it held assets of $1.7m against liabilities of $67k, net assets of $1.6m. It reported 6 employees.