Skopelos Foundation for the Arts

Analysis

Skopelos Foundation for the Arts is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending December 2023, Skopelos Foundation for the Arts reported income of $51k and spending of $53k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $59k to $51k (-14%), an average of -14% a year. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Skopelos Foundation for the Arts sits at the 23rd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within VA. Charities of a similar size with the same main cause include Cultural Voice of North Carolina Inc ($51k), Rejoice Diaspora Dance Theater ($51k) and Irvine Korean Parent Association ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 60% of the total. At year end it held assets of $216k against liabilities of $26k, net assets of $190k.