Skills Group

Analysis

Skills Group is a registered charity in United States, based in State College, PA. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Skills Group reported income of $4.0m and spending of $3.9m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.2m to $4.0m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Skills Group sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include Long Island Housing Partnership Inc ($4.0m), Bethlehem Inn ($4.0m) and Friendship Service Center Inc ($4.0m).

Compensation of current officers, directors and key employees was $793k (20% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $1.6m against liabilities of $734k, net assets of $860k. It reported 45 employees.