Sky Dragon Foundation Inc
Sky Dragon Foundation experiences significant financial decline with expenses consistently exceeding minimal revenue.
EIN: 200852181 · Washington, DC · NTEE: T22 · Updated: 2026-03-28
Is Sky Dragon Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sky Dragon Foundation Inc directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Sky Dragon Foundation Inc
Sky Dragon Foundation Inc (EIN: 200852181) is a nonprofit organization based in Washington, DC, classified under NTEE code T22. The organization reported total revenue of $3K and total assets of $89K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sky Dragon Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sky Dragon Foundation Inc is a micro nonprofit that has been operating for 21 years, with 7 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -21.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3K |
| Total Expenses | $9K |
| Surplus / Deficit | $-6,216 |
| Total Assets | $89K |
| Total Liabilities | $1 |
| Net Assets | $89K |
| Operating Margin | -228.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 119.6 months |
Financial Health Grade: B
In 2023, Sky Dragon Foundation Inc reported a deficit of $6K with expenses exceeding revenue, holds 119.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2023), Sky Dragon Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -21.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +268.9% | +5064.7% | +2.9% |
| 2022 | +1697.6% | -82.3% | +0.7% |
| 2021 | -99.9% | -99.6% | -24.3% |
| 2014 | -12.5% | -20.6% | -59.5% |
| 2013 | -11.3% | +13.2% | -43.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2005 |
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 Sky Dragon Foundation Inc with a Mission Score of 35 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, Sky Dragon Foundation Inc allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Officer compensation has been reported as 0% across all available filings, suggesting that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is unusual for an organization that previously managed significant assets and expenses.
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 Sky Dragon Foundation Inc's IRS 990 filings:
- Consistent negative net income (expenses exceeding revenue) in recent years, indicating financial unsustainability.
- Dramatic decline in revenue from $91,613 in 2012 to $2,719 in 2023.
- Significant depletion of assets from $672,249 in 2011 to $89,020 in 2023.
- Very low current revenue ($2,719 in 2023) for an organization that previously managed much larger sums.
Strengths
The following positive indicators were identified for Sky Dragon Foundation Inc:
- Consistent filing of IRS Form 990, indicating a commitment to regulatory compliance.
- Reported zero officer compensation across all filings, suggesting a potentially volunteer-driven leadership.
Frequently Asked Questions about Sky Dragon Foundation Inc
Is Sky Dragon Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sky Dragon Foundation Inc (EIN: 200852181) significant concerns. Mission Score: 35/100. 4 red flags identified, 2 strengths noted.
How does Sky Dragon Foundation Inc spend its money?
Sky Dragon Foundation Inc directs 60% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sky Dragon Foundation Inc tax-deductible?
Sky Dragon Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200852181). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why has Sky Dragon Foundation's revenue decreased so dramatically since 2012?
The provided data shows a sharp decline in revenue from $91,613 in 2012 to $2,719 in 2023, indicating a significant change in funding or operational capacity.
How does Sky Dragon Foundation cover its expenses when revenue is consistently lower?
In recent years, expenses have exceeded revenue (e.g., $8,935 expenses vs. $2,719 revenue in 2023), suggesting the organization is drawing down its assets or relying on prior period reserves to cover operational costs.
What are the specific program activities of Sky Dragon Foundation given its NTEE code T22 (Philanthropy, Voluntarism & Grantmaking Foundations)?
The provided data does not detail specific program activities, only financial aggregates. Further investigation into their mission and grantmaking records would be necessary.
Filing History
IRS 990 filing history for Sky Dragon Foundation Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2023), Sky Dragon Foundation Inc's revenue has declined by 94.6%, moving from $50K to $3K. Total assets decreased by 86.8% over the same period, from $672K to $89K. Total functional expenses fell by 96.1%, from $230K to $9K. In its most recent filing year (2023), Sky Dragon Foundation Inc reported a deficit of $6K, with expenses exceeding revenue. The organization holds $1 in liabilities against $89K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $89K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3K | $9K | $89K | $1 | — | — |
| 2022 | $737 | $173 | $86K | $1 | — | — |
| 2021 | $41 | $977 | $86K | $1 | — | — |
| 2014 | $71K | $238K | $113K | $0 | — | View 990 |
| 2013 | $81K | $300K | $280K | $0 | — | View 990 |
| 2012 | $92K | $265K | $499K | $0 | — | View 990 |
| 2011 | $50K | $230K | $672K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3K, expenses of $9K, and assets of $89K (revenue +268.9% year-over-year).
- 2022: Revenue of $737, expenses of $173, and assets of $86K (revenue +1697.6% year-over-year).
- 2021: Revenue of $41, expenses of $977, and assets of $86K (revenue -99.9% year-over-year).
- 2014: Revenue of $71K, expenses of $238K, and assets of $113K (revenue -12.5% year-over-year).
- 2013: Revenue of $81K, expenses of $300K, and assets of $280K (revenue -11.3% year-over-year).
- 2012: Revenue of $92K, expenses of $265K, and assets of $499K (revenue +82.7% year-over-year).
- 2011: Revenue of $50K, expenses of $230K, and assets of $672K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sky Dragon Foundation Inc:
Data Sources and Methodology
This transparency report for Sky Dragon 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.