Skywatchtv Corporation

Analysis

Skywatchtv Corporation is a registered charity in United States, based in Crane, MO. It received its IRS tax-exemption ruling in March 2015, 11 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 December 2023, Skywatchtv Corporation reported income of $1.7m and spending of $2.1m, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.6m to $1.7m (-53%), an average of -17% a year. The sharpest change came in the year to December 2023, when income rose by 110%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Skywatchtv Corporation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MO. Charities of a similar size with the same main cause include Family Refuge Center Inc ($1.7m), Faine House Inc ($1.7m) and Mercys Gate ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $142k (6.7% of expenses). Other salaries and wages came to $582k. At year end it held assets of $2.1m against liabilities of $506k, net assets of $1.6m. It reported 31 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.