Corporation for a Skilled Workforce

Analysis

Corporation for a Skilled Workforce is a registered charity in United States, based in Hartland, MI. It received its IRS tax-exemption ruling in October 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Corporation for a Skilled Workforce reported income of $4.3m and spending of $4.0m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $4.3m (+100%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Corporation for a Skilled Workforce sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include Meristem Inc ($4.3m), Jarrow School Inc ($4.3m) and Gratz College ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $401k (10.0% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $2.2m against liabilities of $1.9m, net assets of $267k. It reported 26 employees.