Sk Foundation USA Inc

Nonprofit profile at a glance

EIN
842344419
IRS 990 coverage
2022–2025
Forms available
Form 990 2025, Form 990-N 2020
Location
Chattanooga, TN, USA
Phone
4237570274
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution

Reported finances

Revenue
$331,741
Expenses
$555,241
Assets
$9,619,392
Liabilities
$15,184

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • SATISH KUMAR (PRESIDENT/FOUNDER)

People named in this filing

  • DR JOHN ANKERBERG (MEMBER)
  • JEFFREY PALLANSCH (MEMBER)
  • DARLENE ANKERBERG (CHAIRMAN OF THE BOARD)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Sk foundation's mission is to provide financial support for humanitarian aid and related work provided by others abroad. The foundation adopts these principles and guidelines to assist it to exercise necessary control over support provided for such work.

What it reported doing in 2025

The mission of sk foundation USA, inc. Is to advance the gospel of jesus christ through compassionate ministry, humanitarian outreach, and charitable support both in the united states and around the world. The foundation exists to steward its resources faithfully for ministry purposes, travel expenses related to charitable and ministry activities, and intiatives that bring physical, emotional, and spiritual care to those in need.sk foundation USA, inc. Is committed to caring for the needy, sick, poor, widowed, elderly, and orphaned, including individuals and communities overseas. This mission includes, but is not limited to, supporting the purchase, construction, maintenance, staffing, and operation of hospitals, pharmacies, assisted living and retirement homes, and children's homes; purchasing and maintaining ambulances; and providing water centers, nutritional programs, pensions for widows and orphans, and disaster relief efforts.the foundation also seeks to provide aid during times of crisis and humanitarian emergency. A recent primary focus included helping establish a hospital in india to assist with covid-19 relief efforts through funding for construction, medical equipment and supplies, ambulances, and physician and hospital staff salaries.through every endeavor, sk foundation USA, inc. Seeks to demonstrate the love of christ by serving vulnerable populations with compassion, dignity, integrity, and hope.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 78
  • Accountability: 88
  • Sustainability: 43
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 93.7%; rating input score 94
  • Fundraising efficiency: $0 raised per $1 spent on fundraising; rating input score 1; 1st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: 2 of 8 controls in place; rating input score 25
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Pass
    • May require repayment: Fail
  • Grant itemization coverage: 100%; rating input score 100; 81st percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -67.4%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 17.32; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 49; 49th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: -34.5% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: -26.2% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: 18.3% per year; rating input score 100; 80th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 93.7% of spending went to programs
  • Governance: 5 of 5 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $520K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 21 of 21 current checks pass
  • Schedules: 4 filed schedules · includes foreign activity
  • Filing history: 4 filing years from 2022 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight: 6 of 8 not reported.
  • High — Financial Efficiency: Fundraising efficiency scored 1/100.
  • High — Sustainability: Operating margin scored 3/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Liabilities to assets ratio scored 49/100.