Skyuka Hall

Analysis

Skyuka Hall is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in February 1968, 58 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Skyuka Hall reported income of $4.5m and spending of $2.6m, leaving 43% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.2m to $4.5m (+6.9%), an average of +1.7% a year. The sharpest change came in the year to June 2023, when income rose by 67%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Skyuka Hall 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 92nd percentile, and in the 92nd percentile within TN. Charities of a similar size with the same main cause include George Jackson Academy ($4.5m), Babson Global Inc ($4.5m) and Advent Episcopal Day School Inc ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $206k (8.0% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $11.3m against liabilities of $4.0m, net assets of $7.2m. It reported 43 employees.