Skill Creations Inc

Analysis

Skill Creations Inc is a registered charity in United States, based in Goldsboro, NC. It received its IRS tax-exemption ruling in May 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Skill Creations Inc reported income of $48.5m and spending of $47.1m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $35.8m to $48.5m (+35%), an average of +7.9% a year. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Skill Creations Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Tallgrass Creek Inc ($48.2m), Immanuel Retirement Communities ($49.7m) and Lantern Hill Inc ($47.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $428k (0.9% of expenses). Other salaries and wages came to $24.8m. At year end it held assets of $22.8m against liabilities of $11.3m, net assets of $11.6m. It reported 1,160 employees.