Skills in Scranton Business Education Partnership

Analysis

Skills in Scranton Business Education Partnership is a registered charity in United States, based in Scranton, PA. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 June 2024, Skills in Scranton Business Education Partnership reported income of $202k and spending of $157k, leaving 22% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $173k to $202k (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2022, when income rose by 171%. Over the whole period it spent 73% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Skills in Scranton Business Education Partnership 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 54th percentile, and in the 52nd percentile within PA. Charities of a similar size with the same main cause include American Leadership Forum-Great Valley Chapter Inc ($202k), Groveport Community Improvement Corporation ($202k) and Kafakumba Development Projects Fundinc ($202k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $388k against liabilities of $27k, net assets of $361k.