Work Skills Corporation

Analysis

Work Skills Corporation is a registered charity in United States, based in Brighton, MI. It received its IRS tax-exemption ruling in January 1975, 51 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Work Skills Corporation reported income of $20.0m and spending of $13.3m, leaving 33% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $13.0m to $20.0m (+54%), an average of +11% a year. The sharpest change came in the year to September 2021, when income rose by 69%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Work Skills Corporation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MI. Charities of a similar size with the same main cause include Threshold Rehabilitation Services Inc ($19.8m), Hoosier Uplands Economic Development Corporation ($20.0m) and Macon Bibb County Economic Opportunity Council Inc ($19.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 25% and program service revenue 74% of the total. Other salaries and wages came to $9.9m. At year end it held assets of $17.3m against liabilities of $917k, net assets of $16.3m. It reported 1,291 employees.