Amskills Inc

Analysis

Amskills Inc is a registered charity in United States, based in Holiday, FL. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Amskills Inc reported income of $3.3m and spending of $1.4m, leaving 57% of income unspent that year. Across the 3 years on record, from September 2020 to September 2023, income grew from $83k to $3.3m (+3860%), an average of +529% a year. The sharpest change came in the year to June 2021, when income rose by 3566%. Over the whole period it spent 35% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Amskills Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Alpha Charter of Excellence Inc ($3.3m), Thunderbird School of Global Management ($3.3m) and Heritage Christian School of Hudsonville Michigan ($3.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 2.8% of the total. Other salaries and wages came to $532k. At year end it held assets of $6.9m against liabilities of $1.5m, net assets of $5.4m. It reported 13 employees.