Sky Tavern

Analysis

Sky Tavern is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in April 1993, 33 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Sky Tavern reported income of $2.4m and spending of $1.6m, leaving 31% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $705k to $2.4m (+235%), an average of +35% a year. The sharpest change came in the year to August 2022, when income rose by 63%. Over the whole period it spent 71% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sky Tavern 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 87th percentile, and in the 89th percentile within NV. Charities of a similar size with the same main cause include World Sports Inc ($2.4m), Champaign County Agricultural Society ($2.4m) and Bavarian United Soccer Club Inc ($2.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 61% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $85k (5.2% of expenses). Other salaries and wages came to $686k. At year end it held assets of $2.5m against liabilities of $80k, net assets of $2.4m. It reported 63 employees.