Skywords Family Foundation Inc A New Corporation
Skywords Family Foundation consistently spends more than it earns, drawing down substantial assets.
EIN: 201247525 · Tiburon, CA · NTEE: T22 · Updated: 2026-03-28
Is Skywords Family Foundation Inc A New Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Skywords Family Foundation Inc A New Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Skywords Family Foundation Inc A New Corporation
Skywords Family Foundation Inc A New Corporation (EIN: 201247525) is a nonprofit organization based in Tiburon, CA, classified under NTEE code T22. The organization reported total revenue of $3.0M and total assets of $92.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Skywords Family Foundation Inc A New Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Skywords Family Foundation Inc A New Corporation is a mid-size nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -11.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $3.8M |
| Surplus / Deficit | $-1,907,850 |
| Total Assets | $93.2M |
| Total Liabilities | $12K |
| Net Assets | $93.2M |
| Operating Margin | -98.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 291.2 months |
Financial Health Grade: B
In 2023, Skywords Family Foundation Inc A New Corporation reported a deficit of $1.9M with expenses exceeding revenue, holds 291.2 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), Skywords Family Foundation Inc A New Corporation's revenue has declined at a compound annual growth rate (CAGR) of -11.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6368.6% | -7.4% | -3.0% |
| 2022 | -98.9% | -16.0% | -4.1% |
| 2021 | -36.6% | +17.1% | -2.1% |
| 2020 | +64.4% | +55.9% | +0.9% |
| 2019 | -69.5% | -25.8% | +15.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Skywords Family Foundation Inc A New Corporation with a Mission Score of 65 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Skywords Family Foundation Inc A New Corporation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 $1.9M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
No officer compensation has been reported across all ten filings, suggesting either a fully volunteer-led organization or that compensation is not categorized as officer compensation, which could affect transparency regarding leadership costs.
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 Skywords Family Foundation Inc A New Corporation's IRS 990 filings:
- Consistent operational deficits, with expenses exceeding revenue in multiple recent periods (e.g., 2023, 2022, 2021).
- Declining asset base from a peak of $102,305,790 in 2020 to $92,016,330 currently, indicating potential unsustainable spending.
- Very low revenue in some periods (e.g., $29,859 in 2022) compared to significant expenses ($4,147,697 in 2022).
Strengths
The following positive indicators were identified for Skywords Family Foundation Inc A New Corporation:
- Substantial asset base of $92,016,330 provides significant capacity for grantmaking.
- No reported officer compensation across all filings, suggesting high efficiency in leadership costs.
- Long filing history (10 filings) indicates consistent reporting and established operations.
Frequently Asked Questions about Skywords Family Foundation Inc A New Corporation
Is Skywords Family Foundation Inc A New Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Skywords Family Foundation Inc A New Corporation (EIN: 201247525) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Skywords Family Foundation Inc A New Corporation spend its money?
Skywords Family Foundation Inc A New Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Skywords Family Foundation Inc A New Corporation tax-deductible?
Skywords Family Foundation Inc A New Corporation is registered as a tax-exempt nonprofit (EIN: 201247525). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Skywords Family Foundation Inc A New Corporation a good charity?
As a private grantmaking foundation, its 'goodness' is measured by its grantmaking impact. While it holds significant assets, the consistent operational deficits and declining asset base in recent years (from $102M in 2020 to $92M currently) suggest a need to evaluate its grantmaking strategy and financial sustainability. The lack of reported officer compensation is a positive for efficiency, but the overall financial trend needs monitoring.
Why are expenses consistently higher than revenue in recent years?
The filings show a clear trend of expenses exceeding revenue, for example, $3,839,303 in expenses vs. $1,931,453 in revenue in 2023. This indicates the foundation is likely drawing down its endowment or investment principal to cover its operational and grantmaking activities, which is a common strategy for foundations but needs to be managed sustainably.
What is the foundation's primary purpose given its NTEE code T22?
NTEE code T22 signifies that Skywords Family Foundation is a private grantmaking foundation. Its primary purpose is to make grants to other organizations or individuals to further charitable causes, rather than directly operating programs itself.
Filing History
IRS 990 filing history for Skywords Family Foundation Inc A New Corporation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Skywords Family Foundation Inc A New Corporation's revenue has declined by 77.3%, moving from $8.5M to $1.9M. Total assets increased by 45.9% over the same period, from $63.8M to $93.2M. Total functional expenses fell by 3.7%, from $4.0M to $3.8M. In its most recent filing year (2023), Skywords Family Foundation Inc A New Corporation reported a deficit of $1.9M, with expenses exceeding revenue. The organization holds $12K in liabilities against $93.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $93.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $3.8M | $93.2M | $12K | — | View 990 |
| 2022 | $30K | $4.1M | $96.0M | $2K | — | View 990 |
| 2021 | $2.8M | $4.9M | $100.1M | $1K | — | View 990 |
| 2020 | $4.4M | $4.2M | $102.3M | $11K | — | — |
| 2019 | $2.7M | $2.7M | $101.4M | $7K | — | View 990 |
| 2015 | $8.8M | $3.6M | $87.9M | $1 | — | View 990 |
| 2014 | $9.2M | $4.0M | $82.8M | $1K | — | View 990 |
| 2013 | $8.4M | $2.1M | $77.6M | $201 | — | View 990 |
| 2012 | $9.2M | $1.5M | $71.5M | $166 | — | View 990 |
| 2011 | $8.5M | $4.0M | $63.8M | $2 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $3.8M, and assets of $93.2M (revenue +6368.6% year-over-year).
- 2022: Revenue of $30K, expenses of $4.1M, and assets of $96.0M (revenue -98.9% year-over-year).
- 2021: Revenue of $2.8M, expenses of $4.9M, and assets of $100.1M (revenue -36.6% year-over-year).
- 2020: Revenue of $4.4M, expenses of $4.2M, and assets of $102.3M (revenue +64.4% year-over-year).
- 2019: Revenue of $2.7M, expenses of $2.7M, and assets of $101.4M (revenue -69.5% year-over-year).
- 2015: Revenue of $8.8M, expenses of $3.6M, and assets of $87.9M (revenue -3.7% year-over-year).
- 2014: Revenue of $9.2M, expenses of $4.0M, and assets of $82.8M (revenue +9.4% year-over-year).
- 2013: Revenue of $8.4M, expenses of $2.1M, and assets of $77.6M (revenue -8.8% year-over-year).
- 2012: Revenue of $9.2M, expenses of $1.5M, and assets of $71.5M (revenue +7.9% year-over-year).
- 2011: Revenue of $8.5M, expenses of $4.0M, and assets of $63.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Skywords Family Foundation Inc A New Corporation:
Data Sources and Methodology
This transparency report for Skywords Family Foundation Inc A New Corporation 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.