Skills Foundation Inc

Analysis

Skills Foundation Inc is a registered charity in United States, based in State College, PA. It received its IRS tax-exemption ruling in January 1990, 36 years ago. 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 2024, Skills Foundation Inc reported income of $184k and spending of $64k, leaving 65% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $124k to $184k (+48%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 48%. Over the whole period it spent 48% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Skills Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within PA. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($184k), Swope Parkway Housing Inc ($184k) and Bay View Housing Corp ($184k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 13% of the total. At year end it held assets of $3.4m against liabilities of $1.9m, net assets of $1.5m.