Skonewood Inc

Analysis

Skonewood Inc is a registered charity in United States, based in Siren, WI. It received its IRS tax-exemption ruling in January 1980, 46 years ago. 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 September 2023, Skonewood Inc reported income of $77k and spending of $85k, spending 111% of what it took in. Across the 3 years on record, from September 2021 to September 2023, income fell from $125k to $77k (-39%), an average of -22% a year. The sharpest change came in the year to September 2022, when income dropped by 50%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Skonewood Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 27th percentile within WI. Charities of a similar size with the same main cause include Kansas Foundation for Excellence in Education ($77k), Northeastern Michigan Osteopathic Association Inc ($77k) and Philharmonia Orchestra of Tucson ($77k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 9.6% and program service revenue 84% of the total. At year end it held assets of $1.2m against liabilities of $2,003, net assets of $1.2m.