Sky Philanthropy Inc

Analysis

Sky Philanthropy Inc is a registered charity in United States, based in Newton, MA. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Sky Philanthropy Inc reported income of $184k and spending of $180k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $96k to $184k (+93%), an average of +93% a year. The sharpest change came in the year to December 2023, when income rose by 93%. Over the whole period it spent 96% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Sky Philanthropy Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within MA. Charities of a similar size with the same main cause include Oxnard Firefighters Foundation Inc ($184k), Livingston Volunteer Fire Department Inc ($185k) and Talucah Volunteer Fire Department ($184k).

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 $12k against liabilities of $0, net assets of $12k.