Skal Philanthropic Fund

Analysis

Skal Philanthropic Fund is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 2015, 11 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, Skal Philanthropic Fund reported income of $85k and spending of $49k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $85k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 53% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Skal Philanthropic Fund sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 40th percentile within MA. Charities of a similar size with the same main cause include Elmhurst Childrens Assistance Foundation Inc ($85k), Mustakis Charitable Network Foundation Inc ($85k) and Joe Garassino Foundation Inc ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $121k against liabilities of $0, net assets of $121k.