The Skola

Analysis

The Skola is a registered charity in United States, based in Whitefish, MT. It received its IRS tax-exemption ruling in December 2022, 4 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, The Skola reported income of $368k and spending of $398k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $110k to $368k (+236%), an average of +236% a year. The sharpest change came in the year to December 2023, when income rose by 236%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Skola sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within MT. Charities of a similar size with the same main cause include National Consortium of STEM Schools ($368k), United Farmers USA Inc ($368k) and Chico Oaks Adventist Preschool ($368k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Other salaries and wages came to $220k. It paid $1,040 in professional fundraising fees. At year end it held assets of $218k against liabilities of $234k, net assets of -$16k. It reported 14 employees.