Building Skills Partnership

Analysis

Building Skills Partnership is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 2008, 18 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 May 2023, Building Skills Partnership reported income of $6.3m and spending of $5.7m, spending 92% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $4.3m to $6.3m (+47%), an average of +10% a year. The sharpest change came in the year to May 2021, when income rose by 36%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Building Skills Partnership 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 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Trickle Up Program Inc ($6.3m), Tecumseh Area Partnership Inc ($6.3m) and Regional Plan Association Inc ($6.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $146k (2.5% of expenses). Other salaries and wages came to $2.6m. It paid $20k in professional fundraising fees. At year end it held assets of $8.4m against liabilities of $895k, net assets of $7.5m. It reported 70 employees.