Skyline Charitable Foundation Inc

Analysis

Skyline Charitable Foundation Inc is a registered charity in United States, based in Long Is City, NY. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Skyline Charitable Foundation Inc reported income of $2.0m and spending of $2.0m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $207k to $2.0m (+878%), an average of +77% a year. The sharpest change came in the year to December 2020, when income rose by 1618%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Skyline Charitable Foundation Inc 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 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Gulf Coast Community Foundation Inc ($2.0m), Shree Dharmajivan Mission Private Foundation Charitable Trust ($2.0m) and Valley Health Associates ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $95k (4.8% of expenses). Other salaries and wages came to $296k. At year end it held assets of $118k against liabilities of $61k, net assets of $57k. It reported 22 employees.