Skills USA Inc

Analysis

Skills USA Inc is a registered charity in United States, based in Leesburg, VA. It received its IRS tax-exemption ruling in June 1966, 60 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Skills USA Inc reported income of $25.3m and spending of $22.2m, spending 88% of its income. Across the 4 years on record, from August 2019 to August 2023, income grew from $18.9m to $25.3m (+34%), an average of +10% a year. The sharpest change came in the year to August 2022, when income rose by 113%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Skills USA Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include Goodwill Industries of Central Iowa ($25.2m), Woodbine Community Organization Wco Inc ($25.3m) and Community Development Corporation of Long Island Inc ($25.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 14% and program service revenue 84% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $11.9m against liabilities of $0, net assets of $11.9m.