Skeggs Foundation

Analysis

Skeggs Foundation is a registered charity in United States, based in Kirtland, OH. It received its IRS tax-exemption ruling in August 1966, 60 years ago. 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, Skeggs Foundation reported income of $92k and spending of $123k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $661k to $92k (-86%), an average of -39% a year. The sharpest change came in the year to December 2021, when income rose by 255%. Over the whole period it spent 51% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Skeggs Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within OH. Charities of a similar size with the same main cause include Olmsted Historical Society ($92k), Lisle Baseball-Softball League Inc ($92k) and Road Runners Club of America ($92k).

At year end it held assets of $2.7m against liabilities of $0, net assets of $2.7m.