Sckic Inc

Analysis

Sckic Inc is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Sckic Inc reported income of $1.1m and spending of $476k, leaving 57% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $456k to $1.1m (+145%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 95%. Over the whole period it spent 65% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sckic Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within IA. Charities of a similar size with the same main cause include Ican Shine Inc ($1.1m), Irreducible Grace Foundation ($1.1m) and Chime Foundation Incorporated ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 115% of the total. Compensation of current officers, directors and key employees was $77k (16% of expenses). Other salaries and wages came to $183k. It paid $9,613 in professional fundraising fees. At year end it held assets of $1.9m against liabilities of $76k, net assets of $1.8m. It reported 15 employees.