Skills Inc

Analysis

Skills Inc is a registered charity in United States, based in Saint Albans, ME. It received its IRS tax-exemption ruling in May 1982, 44 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Skills Inc reported income of $9.7m and spending of $8.3m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.6m to $9.7m (+1.4%), an average of +0.3% a year. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Skills Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within ME. Charities of a similar size with the same main cause include Hospice Hawaii Inc ($9.7m), Kankakee County Training Center for the Disabled Inc ($9.8m) and Independent Living Resource Center ($9.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $172k (2.1% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $7.6m against liabilities of $2.2m, net assets of $5.4m. It reported 178 employees.