Skillpoint Alliance

Analysis

Skillpoint Alliance is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in September 1994, 32 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 December 2023, Skillpoint Alliance reported income of $2.6m and spending of $2.5m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.6m (+92%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Skillpoint Alliance sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Catalytic Development Funding Corp of Northern Kentucky ($2.6m), Translatina Network Inc ($2.6m) and Research Park Corporation ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $214k (8.6% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.6m against liabilities of $192k, net assets of $1.4m. It reported 37 employees.