Skylab Foundation Inc

Analysis

Skylab Foundation Inc is a registered charity in United States, based in Caldwell, NJ. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover human services, 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, Skylab Foundation Inc reported income of $150k and spending of $158k, spending 105% of what it took in. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 45% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Skylab Foundation Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 55th percentile within NJ. Charities of a similar size with the same main cause include The Unforgotten ($150k), Plant-Based Prevention of Disease Inc ($151k) and Hugs Project Incorporated ($150k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $192k against liabilities of $0, net assets of $192k.