Skills Development Services Inc

Analysis

Skills Development Services Inc is a registered charity in United States, based in Tullahoma, TN. It received its IRS tax-exemption ruling in July 1972, 54 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Development Services Inc reported income of $11.9m and spending of $10.4m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.7m to $11.9m (+22%), an average of +5.1% a year. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Skills Development Services Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within TN. Charities of a similar size with the same main cause include Wawa Foundation Inc ($11.9m), Good Samaritan Boys Ranch ($11.9m) and Aloha Harvest ($11.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 5.7% of the total. Other salaries and wages came to $6.9m. At year end it held assets of $13.5m against liabilities of $535k, net assets of $13.0m. It reported 266 employees.