Skill Will Inc

Analysis

Skill Will Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Skill Will Inc reported income of $773k and spending of $982k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $773k (-58%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 65%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Skill Will Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MD. Charities of a similar size with the same main cause include Local Union 400 Ibew-Joint Apprentice & Training Committee ($773k), Sheet Metal Workers Joint Apprentice & Training Committee of ($774k) and Royals Varsity Club Inc ($773k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $96k (9.7% of expenses). Other salaries and wages came to $528k. At year end it held assets of $1.4m against liabilities of $281k, net assets of $1.1m. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.