Skylight Foundation Inc
Skylight Foundation Inc experiences extreme revenue volatility and reported a significant deficit in its latest fiscal period.
EIN: 204281816 · Wilmington, DE · NTEE: B12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.5M |
| Total Expenses | $2.4M |
| Program Spending | 80% |
| Net Assets | $15.7M |
| Transparency Score | 70/100 |
Is Skylight Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Skylight Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Skylight Foundation Inc
Skylight Foundation Inc (EIN: 204281816) is a nonprofit organization based in Wilmington, DE, classified under NTEE code B12. The organization reported total revenue of $5.5M and total assets of $20.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Skylight Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Skylight Foundation Inc is a mid-size nonprofit that has been operating for 10 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $879K |
| Total Expenses | $2.4M |
| Surplus / Deficit | $-1,473,325 |
| Total Assets | $20.5M |
| Total Liabilities | $4.8M |
| Net Assets | $15.7M |
| Operating Margin | -167.7% |
| Debt-to-Asset Ratio | 23.6% |
| Months of Reserves | 104.5 months |
Financial Health Grade: B
In 2023, Skylight Foundation Inc reported a deficit of $1.5M with expenses exceeding revenue, holds 104.5 months of operating reserves (strong position), has a debt-to-asset ratio of 23.6% (moderate leverage).
Financial Trends
Over 9 years of filings (2012–2023), Skylight Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -92.0% | +162.0% | -1.0% |
| 2022 | +1703.9% | +102.9% | +85.1% |
| 2021 | -63.0% | -44.6% | +12.8% |
| 2020 | -18.1% | +15.7% | +11.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2016 |
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 Skylight Foundation Inc with a Mission Score of 70 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, Skylight Foundation Inc 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 $1.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 23.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly favorable for minimizing overhead and maximizing funds for charitable purposes.
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 Skylight Foundation Inc's IRS 990 filings:
- Extreme revenue volatility year-over-year, making financial stability unpredictable (e.g., $10.9M in 2022 vs. $0.8M in 2023).
- Significant deficit in the latest fiscal period (202305: Revenue $878,522, Expenses $2,351,847).
- Negative revenue reported in 2015 (-$63,574), which is unusual for a nonprofit.
Strengths
The following positive indicators were identified for Skylight Foundation Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating no executive salary burden.
- Substantial growth in assets over time, from $2.6M in 2012 to $20.4M in 2023, demonstrating financial accumulation.
- NTEE code B12 suggests a focus on grantmaking, potentially amplifying impact through other organizations.
Frequently Asked Questions about Skylight Foundation Inc
Is Skylight Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Skylight Foundation Inc (EIN: 204281816) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Skylight Foundation Inc spend its money?
Skylight Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Skylight Foundation Inc tax-deductible?
Skylight Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204281816). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Skylight Foundation Inc's spending goes to programs?
Skylight Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Skylight Foundation Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Skylight Foundation Inc is above average for NTEE category B12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Skylight Foundation Inc located?
Skylight Foundation Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 204281816. It is classified under NTEE code B12.
How many years of IRS 990 filings does Skylight Foundation Inc have?
Skylight Foundation Inc has 9 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 $5.5M in total revenue.
Why did the organization experience negative revenue in 2015?
The filing for Period 201505 shows revenue of $-63,574, which could indicate significant returns, adjustments, or other non-operating losses that exceeded income for that year.
What caused the large deficit in the 2023 fiscal period?
In Period 202305, the organization reported revenue of $878,522 against expenses of $2,351,847, resulting in a deficit of $1,473,325. This could be due to a decrease in contributions, a strategic increase in grantmaking, or significant operational costs not covered by current income.
How does Skylight Foundation Inc manage its highly volatile revenue streams?
The revenue has fluctuated dramatically, from $10,982,237 in 2022 to $878,522 in 2023. This suggests reliance on unpredictable funding sources or large, infrequent contributions, requiring robust financial reserves or flexible spending strategies to maintain operations.
What is the primary source of the organization's substantial asset growth?
Assets have grown from $2,601,813 in 2012 to $20,483,325 in 2023. This growth, despite revenue volatility, suggests successful investment strategies, significant non-operating income, or large, infrequent capital contributions.
Filing History
IRS 990 filing history for Skylight Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Skylight Foundation Inc's revenue has grown by 97.7%, moving from $444K to $879K. Total assets increased by 687.3% over the same period, from $2.6M to $20.5M. Total functional expenses rose by 8815.9%, from $26K to $2.4M. In its most recent filing year (2023), Skylight Foundation Inc reported a deficit of $1.5M, with expenses exceeding revenue. The organization holds $4.8M in liabilities against $20.5M in assets (debt-to-asset ratio: 23.6%), resulting in net assets of $15.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $879K | $2.4M | $20.5M | $4.8M | — | View 990 |
| 2022 | $11.0M | $898K | $20.7M | $3.6M | — | View 990 |
| 2021 | $609K | $442K | $11.2M | $4.1M | — | View 990 |
| 2020 | $1.6M | $798K | $9.9M | $3.0M | — | View 990 |
| 2019 | $2.0M | $690K | $8.9M | $2.8M | — | View 990 |
| 2015 | $-63,574 | $123K | $5.0M | $1.7M | — | View 990 |
| 2014 | $1.4M | $261K | $5.0M | $1.5M | — | View 990 |
| 2013 | $209K | $149K | $2.7M | $350K | — | View 990 |
| 2012 | $444K | $26K | $2.6M | $316K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $879K, expenses of $2.4M, and assets of $20.5M (revenue -92.0% year-over-year).
- 2022: Revenue of $11.0M, expenses of $898K, and assets of $20.7M (revenue +1703.9% year-over-year).
- 2021: Revenue of $609K, expenses of $442K, and assets of $11.2M (revenue -63.0% year-over-year).
- 2020: Revenue of $1.6M, expenses of $798K, and assets of $9.9M (revenue -18.1% year-over-year).
- 2019: Revenue of $2.0M, expenses of $690K, and assets of $8.9M.
- 2015: Revenue of $-63,574, expenses of $123K, and assets of $5.0M (revenue -104.6% year-over-year).
- 2014: Revenue of $1.4M, expenses of $261K, and assets of $5.0M (revenue +561.4% year-over-year).
- 2013: Revenue of $209K, expenses of $149K, and assets of $2.7M (revenue -53.1% year-over-year).
- 2012: Revenue of $444K, expenses of $26K, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Skylight Foundation Inc:
Data Sources and Methodology
This transparency report for Skylight 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.