Skyline Center Inc

Analysis

Skyline Center Inc is a registered charity in United States, based in Clinton, IA. It received its IRS tax-exemption ruling in February 1964, 62 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Skyline Center Inc reported income of $7.7m and spending of $8.6m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.2m to $7.7m (+7.1%), an average of +1.7% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Skyline Center Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IA. Charities of a similar size with the same main cause include Unite-La Inc ($7.7m), Pidc Community Capital ($7.7m) and Bawac Inc ($7.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.6% and program service revenue 95% of the total. Other salaries and wages came to $5.4m. At year end it held assets of $3.8m against liabilities of $1.2m, net assets of $2.6m. It reported 172 employees.