Skye Sports Academy

Analysis

Skye Sports Academy is a registered charity in United States, based in Swansea, IL. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Skye Sports Academy reported income of $73k and spending of $73k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $56k to $73k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Skye Sports Academy sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within IL. Charities of a similar size with the same main cause include Litchfield Youth Soccer League Inc ($73k), Pearland Hurricanes Youth Football Cheer and Drill ($73k) and Ut Martin Rodeo Booster Club Inc ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.5% and program service revenue 91% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.