Skills Development Inc

Analysis

Skills Development Inc is a registered charity in United States, based in State College, PA. It received its IRS tax-exemption ruling in December 1990, 36 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 Development Inc reported income of $176k and spending of $153k, spending 87% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $184k to $176k (-4.2%), an average of -1.1% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Skills Development Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within PA. Charities of a similar size with the same main cause include American Forage and Grassland Council ($176k), Smoky Bears Quarterback Inc ($176k) and Paws 4 the Cause Inc ($176k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $4,004 (2.6% of expenses). Other salaries and wages came to $2,183. At year end it held assets of $508k against liabilities of $482k, net assets of $25k.