Building Skills Ny

Analysis

Building Skills Ny is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2014, 12 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, Building Skills Ny reported income of $1.5m and spending of $1.4m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $809k to $1.5m (+85%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Building Skills Ny sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Partners for Bertie County Public Schools ($1.5m), Central Academy of Ohio ($1.5m) and Ohio Energy Project ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $295k (21% of expenses). Other salaries and wages came to $547k. At year end it held assets of $675k against liabilities of $131k, net assets of $545k. It reported 8 employees.