Sky Ranches Inc

Analysis

Sky Ranches Inc is a registered charity in United States, based in Van, TX. It received its IRS tax-exemption ruling in September 1956, 70 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Sky Ranches Inc reported income of $19.2m and spending of $18.3m, spending 96% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $15.4m to $19.2m (+24%), an average of +5.6% a year. The sharpest change came in the year to August 2022, when income rose by 37%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sky Ranches Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Nreca International Ltd ($19.1m), Share ($19.2m) and The Arc of Opportunity in North Central Massachusetts Inc ($19.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 14% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $402k (2.2% of expenses). Other salaries and wages came to $7.6m. At year end it held assets of $12.1m against liabilities of $2.9m, net assets of $9.2m. It reported 980 employees.