Sky Bight Foundation Inc
EIN: 223514004 · Bristol, CT · NTEE: T21Z
| Metric | Value |
|---|---|
| Total Revenue | $67K |
| Total Expenses | $71K |
| Net Assets | $429K |
Is Sky Bight Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sky Bight Foundation Inc
Sky Bight Foundation Inc (EIN: 223514004) is a nonprofit organization based in Bristol, CT, classified under NTEE code T21Z. The organization reported total revenue of $67K and total assets of $410K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sky Bight Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sky Bight Foundation Inc is a micro nonprofit that has been operating for 29 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $39K |
| Total Expenses | $71K |
| Surplus / Deficit | $-31,489 |
| Total Assets | $429K |
| Total Liabilities | $1 |
| Net Assets | $429K |
| Operating Margin | -79.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 72.5 months |
Financial Health Grade: B
In 2023, Sky Bight Foundation Inc reported a deficit of $31K with expenses exceeding revenue, holds 72.5 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), Sky Bight Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -46.7% | -23.6% | -6.8% |
| 2022 | +26.6% | +0.1% | -3.9% |
| 2021 | -40.6% | -23.3% | -6.7% |
| 2020 | -23.0% | -13.8% | -4.2% |
| 2019 | +70.7% | +46.3% | -11.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sky Bight Foundation 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 Sky Bight Foundation 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 $31K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Sky Bight Foundation Inc
Is Sky Bight Foundation Inc a legitimate charity?
Sky Bight Foundation Inc (EIN: 223514004) is a registered tax-exempt nonprofit based in Connecticut. It has 10 years of IRS 990 filings on record. Total revenue: $67K. No red flags identified. Financial health grade: B.
How does Sky Bight Foundation Inc spend its money?
Sky Bight Foundation Inc reported $67K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Sky Bight Foundation Inc tax-deductible?
Sky Bight Foundation Inc is registered as a tax-exempt nonprofit (EIN: 223514004). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sky Bight Foundation Inc located?
Sky Bight Foundation Inc is headquartered in Bristol, Connecticut and files with the IRS under EIN 223514004. It is classified under NTEE code T21Z.
How many years of IRS 990 filings does Sky Bight Foundation Inc have?
Sky Bight Foundation Inc 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 $67K in total revenue.
Filing History
IRS 990 filing history for Sky Bight Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Sky Bight Foundation Inc's revenue has grown by 19.1%, moving from $33K to $39K. Total assets decreased by 37.4% over the same period, from $685K to $429K. Total functional expenses rose by 35.9%, from $52K to $71K. In its most recent filing year (2023), Sky Bight Foundation Inc reported a deficit of $31K, with expenses exceeding revenue. The organization holds $1 in liabilities against $429K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $429K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $39K | $71K | $429K | $1 | — | — |
| 2022 | $74K | $93K | $460K | $1 | — | View 990 |
| 2021 | $58K | $93K | $479K | $1 | — | — |
| 2020 | $98K | $121K | $514K | $1 | — | View 990 |
| 2019 | $128K | $140K | $536K | $1 | — | View 990 |
| 2015 | $75K | $96K | $605K | $1 | — | View 990 |
| 2014 | $63K | $83K | $626K | $1 | — | View 990 |
| 2013 | $54K | $68K | $646K | $1 | — | View 990 |
| 2012 | $41K | $65K | $660K | $0 | — | View 990 |
| 2011 | $33K | $52K | $685K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $39K, expenses of $71K, and assets of $429K (revenue -46.7% year-over-year).
- 2022: Revenue of $74K, expenses of $93K, and assets of $460K (revenue +26.6% year-over-year).
- 2021: Revenue of $58K, expenses of $93K, and assets of $479K (revenue -40.6% year-over-year).
- 2020: Revenue of $98K, expenses of $121K, and assets of $514K (revenue -23.0% year-over-year).
- 2019: Revenue of $128K, expenses of $140K, and assets of $536K (revenue +70.7% year-over-year).
- 2015: Revenue of $75K, expenses of $96K, and assets of $605K (revenue +18.7% year-over-year).
- 2014: Revenue of $63K, expenses of $83K, and assets of $626K (revenue +16.9% year-over-year).
- 2013: Revenue of $54K, expenses of $68K, and assets of $646K (revenue +32.3% year-over-year).
- 2012: Revenue of $41K, expenses of $65K, and assets of $660K (revenue +23.1% year-over-year).
- 2011: Revenue of $33K, expenses of $52K, and assets of $685K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sky Bight Foundation Inc:
Data Sources and Methodology
This transparency report for Sky Bight Foundation 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.