Skyline Apartments Inc

Analysis

Skyline Apartments Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, Skyline Apartments Inc reported income of $164k and spending of $295k, spending 180% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $116k to $164k (+41%), an average of +7.1% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 187% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Skyline Apartments Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Meridian Manor Inc ($164k), Osage Financial Resources Inc an Oklahoma Non Profit Corporation ($164k) and Cliff View Village III Inc ($164k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 59% and program service revenue 41% of the total. Other salaries and wages came to $26k. At year end it held assets of $1.5m against liabilities of $3.7m, net assets of -$2.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.