Skyes the Limit Foundation Inc

Analysis

Skyes the Limit Foundation Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Skyes the Limit Foundation Inc reported income of $172k and spending of $180k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $191k to $172k (-10%), an average of -10% a year. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Skyes the Limit Foundation Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within AZ. Charities of a similar size with the same main cause include Boston Swing Central Inc ($172k), Tri-M Millenial Music Makers Productions ($172k) and Invictus Theatre Company ($172k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $116k against liabilities of $79k, net assets of $37k.