Gaston Skills Incorporated

Analysis

Gaston Skills Incorporated is a registered charity in United States, based in Gastonia, NC. It received its IRS tax-exemption ruling in September 1965, 61 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 June 2023, Gaston Skills Incorporated reported income of $2.2m and spending of $2.2m, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.0m to $2.2m (+8.7%), an average of +2.8% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gaston Skills Incorporated sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Rivercity Company ($2.2m), Builders of Hope CDC ($2.2m) and Skcac Industries and Employment Services ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $2.0m against liabilities of $178k, net assets of $1.9m. It reported 141 employees.