Skills USA Inc

Analysis

Skills USA Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in June 1966, 60 years ago. 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, Skills USA Inc reported income of $442k and spending of $431k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $480k to $442k (-7.9%), an average of -2.0% a year. The sharpest change came in the year to June 2022, when income rose by 130%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Skills USA Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Supportive Accountability Hub Inc ($442k), Longmont United Hospital Foundation ($442k) and White Stone Project Inc ($442k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 72% of the total. At year end it held assets of $107k against liabilities of $131k, net assets of -$23k.