Skills Center Inc

Analysis

Skills Center Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Skills Center Inc reported income of $3.9m and spending of $3.2m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $405k to $3.9m (+873%), an average of +77% a year. The sharpest change came in the year to December 2021, when income rose by 151%. Over the whole period it spent 89% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Skills Center Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Youth for Christ USA Inc ($3.9m), Center for Civic Education ($3.9m) and Dreamers Academy Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 12% of the total. Other salaries and wages came to $614k. At year end it held assets of $17.1m against liabilities of $15.6m, net assets of $1.5m. It reported 15 employees.