Skin of Color Society Foundation

Analysis

Skin of Color Society Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, Skin of Color Society Foundation reported income of $2.5m and spending of $2.6m, spending 106% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $479k to $2.5m (+411%), an average of +72% a year. The sharpest change came in the year to December 2023, when income rose by 122%. Over the whole period it spent 97% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Skin of Color Society Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Childrens Advocacy Center for the Pikes Peak Region Inc ($2.4m), Pivot Inc ($2.5m) and Attitudinal Healing Connection Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $53k (2.1% of expenses). Other salaries and wages came to $159k. At year end it held assets of $2.0m against liabilities of $1.9m, net assets of $123k.