Skaggs Foundation For Research
Skaggs Foundation For Research maintains substantial assets with no reported officer compensation, despite recent operational deficits.
EIN: 207399767 · Chicago, IL · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $33.9M |
| Total Expenses | $2.7M |
| Program Spending | 90% |
| Net Assets | $14.3M |
| Transparency Score | 90/100 |
Is Skaggs Foundation For Research Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Skaggs Foundation For Research directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Skaggs Foundation For Research
Skaggs Foundation For Research (EIN: 207399767) is a nonprofit organization based in Chicago, IL, classified under NTEE code T20. The organization reported total revenue of $33.9M and total assets of $33.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Skaggs Foundation For Research's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Skaggs Foundation For Research is a large nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $2.7M |
| Surplus / Deficit | $-224,756 |
| Total Assets | $14.3M |
| Total Liabilities | $1 |
| Net Assets | $14.3M |
| Operating Margin | -9.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 64.1 months |
Financial Health Grade: B
In 2023, Skaggs Foundation For Research reported a deficit of $225K with expenses exceeding revenue, holds 64.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Skaggs Foundation For Research's revenue has grown at a compound annual growth rate (CAGR) of 20.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +150.0% | -8.8% | -1.5% |
| 2022 | -22.6% | +35.0% | -11.8% |
| 2021 | -7.7% | -33.5% | -5.2% |
| 2020 | +8.3% | +139.9% | -9.8% |
| 2019 | -94.9% | +1904.8% | -38.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Skaggs Foundation For Research with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Skaggs Foundation For Research allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $225K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership either serves without compensation or is compensated through other means not reported as officer compensation on the 990, which is highly favorable for minimizing administrative overhead.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Skaggs Foundation For Research's IRS 990 filings:
- Consistent operational deficits in recent years (2020-2023), where expenses exceeded revenue, indicating reliance on reserves.
Strengths
The following positive indicators were identified for Skaggs Foundation For Research:
- No reported officer compensation across all filings, indicating extremely low administrative overhead.
- Substantial asset base ($33,179,663 latest) providing long-term financial stability.
- Significant revenue generation in certain periods, demonstrating capacity for large contributions or investment growth.
- Low liabilities ($1 in recent years, $0 in others) indicating sound financial management.
Frequently Asked Questions about Skaggs Foundation For Research
Is Skaggs Foundation For Research a legitimate charity?
Skaggs Foundation For Research (EIN: 207399767) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $33.9M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Skaggs Foundation For Research spend its money?
Skaggs Foundation For Research directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Skaggs Foundation For Research tax-deductible?
Skaggs Foundation For Research is registered as a tax-exempt nonprofit (EIN: 207399767). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Skaggs Foundation For Research compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Skaggs Foundation For Research is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Skaggs Foundation For Research located?
Skaggs Foundation For Research is headquartered in Chicago, Illinois and files with the IRS under EIN 207399767. It is classified under NTEE code T20.
How many years of IRS 990 filings does Skaggs Foundation For Research have?
Skaggs Foundation For Research has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $33.9M in total revenue.
Is Skaggs Foundation For Research a good charity?
Based on the provided data, the Skaggs Foundation For Research appears to be a good charity, particularly due to its strong asset base ($33,179,663), consistent lack of reported officer compensation, and clear focus on its research mission. The absence of executive compensation suggests a very high percentage of funds are directed towards programs or maintaining the endowment.
How does the foundation manage its expenses when revenue is lower?
In periods where expenses exceeded revenue (e.g., 202312: Revenue=$2,456,592, Expenses=$2,681,348; 202212: Revenue=$982,464, Expenses=$2,939,332), the foundation likely draws upon its substantial asset base ($33,179,663 latest reported) or investment income to cover operational costs, indicating financial resilience.
What caused the significant revenue increase in 2015 and the latest reported period?
The significant revenue increase in 2015 ($25,085,507) and the latest reported revenue ($33,945,021) likely stem from large, infrequent donations, grants, or substantial investment gains, rather than consistent operational income, which is common for foundations.
Filing History
IRS 990 filing history for Skaggs Foundation For Research showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Skaggs Foundation For Research's revenue has grown by 830.6%, moving from $264K to $2.5M. Total assets increased by 69.8% over the same period, from $8.4M to $14.3M. Total functional expenses rose by 1774.3%, from $143K to $2.7M. In its most recent filing year (2023), Skaggs Foundation For Research reported a deficit of $225K, with expenses exceeding revenue. The organization holds $1 in liabilities against $14.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $14.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $2.7M | $14.3M | $1 | — | — |
| 2022 | $982K | $2.9M | $14.6M | $1 | — | View 990 |
| 2021 | $1.3M | $2.2M | $16.5M | $1 | — | View 990 |
| 2020 | $1.4M | $3.3M | $17.4M | $1 | — | View 990 |
| 2019 | $1.3M | $1.4M | $19.3M | $0 | — | View 990 |
| 2015 | $25.1M | $68K | $31.3M | $0 | — | View 990 |
| 2014 | $557K | $912K | $8.7M | $0 | — | View 990 |
| 2013 | $1.2M | $377K | $9.1M | $0 | — | View 990 |
| 2012 | $170K | $372K | $8.2M | $0 | — | View 990 |
| 2011 | $264K | $143K | $8.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $2.7M, and assets of $14.3M (revenue +150.0% year-over-year).
- 2022: Revenue of $982K, expenses of $2.9M, and assets of $14.6M (revenue -22.6% year-over-year).
- 2021: Revenue of $1.3M, expenses of $2.2M, and assets of $16.5M (revenue -7.7% year-over-year).
- 2020: Revenue of $1.4M, expenses of $3.3M, and assets of $17.4M (revenue +8.3% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.4M, and assets of $19.3M (revenue -94.9% year-over-year).
- 2015: Revenue of $25.1M, expenses of $68K, and assets of $31.3M (revenue +4407.0% year-over-year).
- 2014: Revenue of $557K, expenses of $912K, and assets of $8.7M (revenue -55.4% year-over-year).
- 2013: Revenue of $1.2M, expenses of $377K, and assets of $9.1M (revenue +633.2% year-over-year).
- 2012: Revenue of $170K, expenses of $372K, and assets of $8.2M (revenue -35.5% year-over-year).
- 2011: Revenue of $264K, expenses of $143K, and assets of $8.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Skaggs Foundation For Research:
Data Sources and Methodology
This transparency report for Skaggs Foundation For Research 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.