Skyline Cap Inc

Analysis

Skyline Cap Inc is a registered charity in United States, based in Madison, VA. It received its IRS tax-exemption ruling in May 1991, 35 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2023, Skyline Cap Inc reported income of $3.4m and spending of $2.8m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $3.4m (+31%), an average of +7.0% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Skyline Cap Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within VA. Charities of a similar size with the same main cause include Home Point Services Inc ($3.4m), Portland Housing Center ($3.4m) and Alliance for Children and Families Inc ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $162k (5.8% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $3.3m against liabilities of $141k, net assets of $3.1m. It reported 67 employees.