Skillz 4 Life Inc

Analysis

Skillz 4 Life Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in November 2015, 11 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 June 2023, Skillz 4 Life Inc reported income of $1.0m and spending of $1.0m, spending 97% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $374k to $1.0m (+180%), an average of +29% a year. The sharpest change came in the year to June 2021, when income rose by 102%. 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, Skillz 4 Life Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within KY. Charities of a similar size with the same main cause include National Association of Asian American Professionals Inc ($1.0m), Alianza Community Schools ($1.0m) and Zion Child Development Center ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $75k (7.4% of expenses). Other salaries and wages came to $203k. At year end it held assets of $186k against liabilities of $34k, net assets of $152k. It reported 41 employees.