Skyes The Limit Foundation Inc
EIN: 833321892 · Phoenix, AZ · NTEE: A20
| Metric | Value |
|---|---|
| Total Revenue | $308K |
| Total Expenses | $180K |
| Net Assets | $37K |
Is Skyes The Limit 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 Skyes The Limit Foundation Inc
Skyes The Limit Foundation Inc (EIN: 833321892) is a nonprofit organization based in Phoenix, AZ, classified under NTEE code A20. The organization reported total revenue of $308K and total assets of $75K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Skyes The Limit Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Skyes The Limit Foundation Inc is a small nonprofit that has been operating for 7 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 38.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $172K |
| Total Expenses | $180K |
| Surplus / Deficit | $-7,625 |
| Total Assets | $116K |
| Total Liabilities | $79K |
| Net Assets | $37K |
| Operating Margin | -4.4% |
| Debt-to-Asset Ratio | 67.9% |
| Months of Reserves | 7.8 months |
Financial Health Grade: C
In 2023, Skyes The Limit Foundation Inc reported a deficit of $8K with expenses exceeding revenue, holds 7.8 months of operating reserves (strong position), has a debt-to-asset ratio of 67.9% (high leverage).
Financial Trends
Over 4 years of filings (2020–2023), Skyes The Limit Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 38.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.0% | +18.5% | +103.6% |
| 2022 | +315.0% | +69.7% | +296.5% |
| 2021 | -28.6% | +292.8% | -71.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Skyes The Limit 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 Skyes The Limit 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 $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 67.9%.
Frequently Asked Questions about Skyes The Limit Foundation Inc
Is Skyes The Limit Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Skyes The Limit Foundation Inc (EIN: 833321892) insufficient data. 0 red flags identified, 0 strengths noted.
How does Skyes The Limit Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Skyes The Limit Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Skyes The Limit Foundation Inc tax-deductible?
Skyes The Limit Foundation Inc is registered as a tax-exempt nonprofit (EIN: 833321892). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Skyes The Limit Foundation Inc located?
Skyes The Limit Foundation Inc is headquartered in Phoenix, Arizona and files with the IRS under EIN 833321892. It is classified under NTEE code A20.
How many years of IRS 990 filings does Skyes The Limit Foundation Inc have?
Skyes The Limit Foundation Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $308K in total revenue.
Filing History
IRS 990 filing history for Skyes The Limit Foundation Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Skyes The Limit Foundation Inc's revenue has grown by 166.5%, moving from $65K to $172K. Total assets increased by 129.5% over the same period, from $51K to $116K. Total functional expenses rose by 690%, from $23K to $180K. In its most recent filing year (2023), Skyes The Limit Foundation Inc reported a deficit of $8K, with expenses exceeding revenue. The organization holds $79K in liabilities against $116K in assets (debt-to-asset ratio: 67.9%), resulting in net assets of $37K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $172K | $180K | $116K | $79K | — | View 990 |
| 2022 | $191K | $152K | $57K | $12K | — | View 990 |
| 2021 | $46K | $89K | $14K | $9K | — | View 990 |
| 2020 | $65K | $23K | $51K | $558 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $172K, expenses of $180K, and assets of $116K (revenue -10.0% year-over-year).
- 2022: Revenue of $191K, expenses of $152K, and assets of $57K (revenue +315.0% year-over-year).
- 2021: Revenue of $46K, expenses of $89K, and assets of $14K (revenue -28.6% year-over-year).
- 2020: Revenue of $65K, expenses of $23K, and assets of $51K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Skyes The Limit Foundation Inc:
Data Sources and Methodology
This transparency report for Skyes The Limit 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.