Growthskills Foundation

Analysis

Growthskills Foundation is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Growthskills Foundation reported income of $855k and spending of $974k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $855k (-25%), an average of -6.8% a year. The sharpest change came in the year to December 2022, when income rose by 94%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Growthskills Foundation 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 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Tulsans Operating in Unity Creating Hope Inc ($855k), Texas Hospice Organization Inc ($855k) and Indiana Diaper Bank ($855k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $128k (13% of expenses). Other salaries and wages came to $89k. At year end it held assets of $366k against liabilities of $149k, net assets of $217k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.