Best Skills Academy

Analysis

Best Skills Academy is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Best Skills Academy reported income of $70k and spending of $65k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $56k to $70k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Best Skills Academy sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 34th percentile within SC. Charities of a similar size with the same main cause include Badger Union High School Endowment Fund Inc ($70k), Saginaw Township Police Officers Association ($70k) and Liberty Benton PTO ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. At year end it held assets of $9,137 against liabilities of $1,541, net assets of $7,596.