Sky Cross Inc

Analysis

Sky Cross Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Sky Cross Inc reported income of $95k and spending of $148k, spending 156% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $113k to $95k (-15%), an average of -4.1% a year. The sharpest change came in the year to December 2020, when income rose by 33%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sky Cross Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within TX. Charities of a similar size with the same main cause include Latinos Unidos En Massachusetts Inc ($95k), Meating the Need ($95k) and Cookson Hills Electric Foundation Inc ($95k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 119% of the total. At year end it held assets of $975k against liabilities of $0, net assets of $975k.

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.