Skills Inc

Analysis

Skills Inc is a registered charity in United States, based in Elizabeth Cty, NC. It received its IRS tax-exemption ruling in September 1982, 44 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, Skills Inc reported income of $733k and spending of $551k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $604k to $733k (+21%), an average of +5.0% a year. The sharpest change came in the year to June 2020, when income rose by 35%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Skills 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 75th percentile within NC. Charities of a similar size with the same main cause include Sun Country Golf Association-Inc ($732k), Arizona Forward Association ($733k) and Refill Jackson Initiative ($732k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 17% of the total. Compensation of current officers, directors and key employees was $79k (14% of expenses). Other salaries and wages came to $249k. At year end it held assets of $3.6m against liabilities of $157k, net assets of $3.4m. It reported 66 employees.