Skills Foundation of Mississippi

Analysis

Skills Foundation of Mississippi is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in June 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Skills Foundation of Mississippi reported income of $909k and spending of $613k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $667k to $909k (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2022, when income rose by 114%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Skills Foundation of Mississippi sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within MS. Charities of a similar size with the same main cause include Tongue River Valley Community Center ($909k), National Civic League ($910k) and Occupational Development Center Inc ($909k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $83k (14% of expenses). At year end it held assets of $987k against liabilities of $322k, net assets of $665k. It reported 2 employees.