Sky Parkway Mutual Housing Corporation

Analysis

Sky Parkway Mutual Housing Corporation is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sky Parkway Mutual Housing Corporation reported income of $180k and spending of $850k, spending 473% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.8m to $180k (-95%), an average of -53% a year. The sharpest change came in the year to December 2022, when income rose by 1603%. Over the whole period it spent 56% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sky Parkway Mutual Housing Corporation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Locust Grove Elderly Housing Inc ($180k), Five Rivers Loan Fund Inc ($180k) and Coulee Homes Ltd ($180k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $5.2m against liabilities of $37k, net assets of $5.2m.