Skagway Development Corporation Community Development Services
Skagway Development Corporation shows asset growth but recent operating deficit.
EIN: 200122259 · Skagway, AK · NTEE: P20 · Updated: 2026-03-28
Is Skagway Development Corporation Community Development Services Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Skagway Development Corporation Community Development Services directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Skagway Development Corporation Community Development Services
Skagway Development Corporation Community Development Services (EIN: 200122259) is a nonprofit organization based in Skagway, AK, classified under NTEE code P20. The organization reported total revenue of $428K and total assets of $232K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Skagway Development Corporation Community Development Services's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Skagway Development Corporation Community Development Services is a small nonprofit that has been operating for 22 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 6.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $187K |
| Total Expenses | $331K |
| Surplus / Deficit | $-144,056 |
| Total Assets | $116K |
| Total Liabilities | $22K |
| Net Assets | $94K |
| Operating Margin | -77.1% |
| Debt-to-Asset Ratio | 19.0% |
| Months of Reserves | 4.2 months |
Financial Health Grade: B
In 2023, Skagway Development Corporation Community Development Services reported a deficit of $144K with expenses exceeding revenue, holds 4.2 months of operating reserves (adequate), has a debt-to-asset ratio of 19.0% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Skagway Development Corporation Community Development Services's revenue has grown at a compound annual growth rate (CAGR) of 6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -37.9% | +61.2% | -35.2% |
| 2022 | +83.1% | +62.7% | +84.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Skagway Development Corporation Community Development Services with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Skagway Development Corporation Community Development Services allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $144K, with expenses exceeding revenue.
- Debt-to-asset ratio: 19.0%.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that no salaries or other compensation were paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of this size and suggests either a volunteer-led executive team or that compensation is reported under other expense categories.
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 Skagway Development Corporation Community Development Services's IRS 990 filings:
- Significant operating deficit in the most recent fiscal year (2023 expenses $330,907 vs. revenue $186,851)
- Fluctuating revenue stream over the past three years
- Unusually low (0%) reported officer compensation, which might obscure actual leadership costs if compensated through other means.
Strengths
The following positive indicators were identified for Skagway Development Corporation Community Development Services:
- Consistent asset growth from $97,532 in 2021 to $232,086 currently
- No reported officer compensation, indicating efficient use of funds at the executive level or volunteer leadership
- Positive net income in 2022 ($300,733 revenue vs. $205,332 expenses)
Frequently Asked Questions about Skagway Development Corporation Community Development Services
Is Skagway Development Corporation Community Development Services a legitimate charity?
Based on AI analysis of IRS 990 filings, Skagway Development Corporation Community Development Services (EIN: 200122259) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Skagway Development Corporation Community Development Services spend its money?
Skagway Development Corporation Community Development Services directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Skagway Development Corporation Community Development Services tax-deductible?
Skagway Development Corporation Community Development Services is registered as a tax-exempt nonprofit (EIN: 200122259). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Skagway Development Corporation financially stable?
While the organization has grown its assets to $232,086, the most recent filing (2023) shows expenses of $330,907 significantly exceeding revenue of $186,851, indicating a potential short-term financial instability or reliance on reserves.
How does Skagway Development Corporation manage executive compensation?
The organization consistently reports 0% officer compensation across all available filings, suggesting a volunteer-based leadership or that executive compensation is categorized differently.
What is the trend in Skagway Development Corporation's revenue?
Revenue has fluctuated, increasing from $164,236 in 2021 to $300,733 in 2022, but then decreasing to $186,851 in 2023, indicating an inconsistent funding stream.
Filing History
IRS 990 filing history for Skagway Development Corporation Community Development Services showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Skagway Development Corporation Community Development Services's revenue has grown by 13.8%, moving from $164K to $187K. Total assets increased by 19.4% over the same period, from $98K to $116K. Total functional expenses rose by 162.2%, from $126K to $331K. In its most recent filing year (2023), Skagway Development Corporation Community Development Services reported a deficit of $144K, with expenses exceeding revenue. The organization holds $22K in liabilities against $116K in assets (debt-to-asset ratio: 19.0%), resulting in net assets of $94K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $187K | $331K | $116K | $22K | — | View 990 |
| 2022 | $301K | $205K | $180K | $-128 | — | — |
| 2021 | $164K | $126K | $98K | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $187K, expenses of $331K, and assets of $116K (revenue -37.9% year-over-year).
- 2022: Revenue of $301K, expenses of $205K, and assets of $180K (revenue +83.1% year-over-year).
- 2021: Revenue of $164K, expenses of $126K, and assets of $98K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Skagway Development Corporation Community Development Services:
Data Sources and Methodology
This transparency report for Skagway Development Corporation Community Development Services 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.