Scky Foundation For Workforce Development Inc
EIN: 812957134 · Bowlng Green, KY · NTEE: J20
| Metric | Value |
|---|---|
| Total Revenue | $3.6M |
| Total Expenses | $3.6M |
| Net Assets | $120K |
Is Scky Foundation For Workforce Development Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Scky Foundation For Workforce Development Inc
Scky Foundation For Workforce Development Inc (EIN: 812957134) is a nonprofit organization based in Bowlng Green, KY, classified under NTEE code J20. The organization reported total revenue of $3.6M and total assets of $798K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Scky Foundation For Workforce Development Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Scky Foundation For Workforce Development Inc is a mid-size nonprofit that has been operating for 9 years.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.5M |
| Total Expenses | $3.6M |
| Surplus / Deficit | $-63,271 |
| Total Assets | $677K |
| Total Liabilities | $557K |
| Net Assets | $120K |
| Operating Margin | -1.8% |
| Debt-to-Asset Ratio | 82.3% |
| Months of Reserves | 2.3 months |
Financial Health Grade: D
In 2023, Scky Foundation For Workforce Development Inc reported a deficit of $63K with expenses exceeding revenue, holds 2.3 months of operating reserves (limited), has a debt-to-asset ratio of 82.3% (high leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Scky Foundation For Workforce Development Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Scky Foundation For Workforce Development Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $63K, with expenses exceeding revenue.
- Debt-to-asset ratio: 82.3%.
Frequently Asked Questions about Scky Foundation For Workforce Development Inc
Is Scky Foundation For Workforce Development Inc a legitimate charity?
Scky Foundation For Workforce Development Inc (EIN: 812957134) is a registered tax-exempt nonprofit based in Kentucky. Total revenue: $3.6M. No red flags identified. Financial health grade: D.
How does Scky Foundation For Workforce Development Inc spend its money?
Scky Foundation For Workforce Development Inc reported $3.6M in total revenue in IRS 990 filings. 1 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Scky Foundation For Workforce Development Inc tax-deductible?
Scky Foundation For Workforce Development Inc is registered as a tax-exempt nonprofit (EIN: 812957134). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Scky Foundation For Workforce Development Inc located?
Scky Foundation For Workforce Development Inc is headquartered in Bowlng Green, Kentucky and files with the IRS under EIN 812957134. It is classified under NTEE code J20.
Filing History
IRS 990 filing history for Scky Foundation For Workforce Development Inc showing financial trends over 1 year of public records:
In its most recent filing year (2023), Scky Foundation For Workforce Development Inc reported a deficit of $63K, with expenses exceeding revenue. The organization holds $557K in liabilities against $677K in assets (debt-to-asset ratio: 82.3%), resulting in net assets of $120K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.5M | $3.6M | $677K | $557K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Scky Foundation For Workforce Development Inc:
Data Sources and Methodology
This transparency report for Scky Foundation For Workforce Development Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.