Skyway Solutions
EIN: 272975837 · Seattle, WA · NTEE: L41
| Metric | Value |
|---|---|
| Total Expenses | $227K |
| Net Assets | $7K |
Is Skyway Solutions Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Skyway Solutions
Skyway Solutions (EIN: 272975837) is a nonprofit organization based in Seattle, WA, classified under NTEE code L41. The organization reported total revenue of $0 and total assets of $28K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Skyway Solutions's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Skyway Solutions is a small nonprofit that has been operating for 13 years, with 9 years of IRS 990 filings on record (2010–2018). Revenue has grown at a compound annual rate of 56.5%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $203K |
| Total Expenses | $227K |
| Surplus / Deficit | $-23,727 |
| Total Assets | $73K |
| Total Liabilities | $65K |
| Net Assets | $7K |
| Operating Margin | -11.7% |
| Debt-to-Asset Ratio | 90.0% |
| Months of Reserves | 3.8 months |
Financial Health Grade: C
In 2018, Skyway Solutions reported a deficit of $24K with expenses exceeding revenue, holds 3.8 months of operating reserves (adequate), has a debt-to-asset ratio of 90.0% (high leverage).
Financial Trends
Over 9 years of filings (2010–2018), Skyway Solutions's revenue has grown at a compound annual growth rate (CAGR) of 56.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | +31.5% | +61.1% | +391.6% |
| 2017 | +61.6% | +16.3% | -29.1% |
| 2016 | -74.3% | -70.0% | -55.8% |
| 2015 | +160.2% | +282.6% | -39.8% |
| 2014 | +135.1% | +198.0% | +91.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Skyway Solutions 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 Skyway Solutions 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 (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $24K, with expenses exceeding revenue.
- Debt-to-asset ratio: 90.0%.
Frequently Asked Questions about Skyway Solutions
Is Skyway Solutions a legitimate charity?
Skyway Solutions (EIN: 272975837) is a registered tax-exempt nonprofit based in Washington. It has 9 years of IRS 990 filings on record. No red flags identified. Financial health grade: C.
How does Skyway Solutions spend its money?
Skyway Solutions reported its financials in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Skyway Solutions tax-deductible?
Skyway Solutions is registered as a tax-exempt nonprofit (EIN: 272975837). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Skyway Solutions located?
Skyway Solutions is headquartered in Seattle, Washington and files with the IRS under EIN 272975837. It is classified under NTEE code L41.
How many years of IRS 990 filings does Skyway Solutions have?
Skyway Solutions 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.
Filing History
IRS 990 filing history for Skyway Solutions showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2010–2018), Skyway Solutions's revenue has grown by 3502%, moving from $6K to $203K. Total assets increased by 3767.5% over the same period, from $2K to $73K. Total functional expenses rose by 5936%, from $4K to $227K. In its most recent filing year (2018), Skyway Solutions reported a deficit of $24K, with expenses exceeding revenue. The organization holds $65K in liabilities against $73K in assets (debt-to-asset ratio: 90.0%), resulting in net assets of $7K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $203K | $227K | $73K | $65K | — | View 990 |
| 2017 | $155K | $141K | $15K | $1K | — | View 990 |
| 2016 | $96K | $121K | $21K | $764 | — | View 990 |
| 2015 | $372K | $404K | $47K | $0 | — | View 990 |
| 2014 | $143K | $106K | $79K | $0 | — | View 990 |
| 2013 | $61K | $35K | $41K | $0 | — | View 990 |
| 2012 | $340 | $4K | $18K | $4K | — | View 990 |
| 2011 | $22K | $1K | $22K | $2K | — | View 990 |
| 2010 | $6K | $4K | $2K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $203K, expenses of $227K, and assets of $73K (revenue +31.5% year-over-year).
- 2017: Revenue of $155K, expenses of $141K, and assets of $15K (revenue +61.6% year-over-year).
- 2016: Revenue of $96K, expenses of $121K, and assets of $21K (revenue -74.3% year-over-year).
- 2015: Revenue of $372K, expenses of $404K, and assets of $47K (revenue +160.2% year-over-year).
- 2014: Revenue of $143K, expenses of $106K, and assets of $79K (revenue +135.1% year-over-year).
- 2013: Revenue of $61K, expenses of $35K, and assets of $41K (revenue +17811.8% year-over-year).
- 2012: Revenue of $340, expenses of $4K, and assets of $18K (revenue -98.5% year-over-year).
- 2011: Revenue of $22K, expenses of $1K, and assets of $22K (revenue +288.9% year-over-year).
- 2010: Revenue of $6K, expenses of $4K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Skyway Solutions:
Data Sources and Methodology
This transparency report for Skyway Solutions 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.