Skechers Foundation

Analysis

Skechers Foundation is a registered charity in United States, based in Manhattan Beach, 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 December 2023, Skechers Foundation reported income of $5.4m and spending of $4.8m, spending 88% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $3.0m to $5.4m (+79%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 64%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Skechers Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Special Operation Care Fund Inc ($5.4m), Clarke Institute for Community Inclusion Inc ($5.4m) and Mary Lee Foundation ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% of the total. Compensation of current officers, directors and key employees was $75k (1.6% of expenses). At year end it held assets of $5.5m against liabilities of $3.4m, net assets of $2.0m.