Skills Inc

Analysis

Skills Inc is a registered charity in United States, based in Auburn, WA. It received its IRS tax-exemption ruling in August 1966, 60 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 Inc reported income of $22.4m and spending of $23.8m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $57.1m to $22.4m (-61%), an average of -21% a year. The sharpest change came in the year to December 2022, when income dropped by 35%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Skills Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within WA. Charities of a similar size with the same main cause include Upwardly Global ($22.4m), Jumpstart Inc ($22.6m) and Goodwill Industries of Greater Nebraska Inc ($22.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $1.4m (5.8% of expenses). Other salaries and wages came to $11.2m. At year end it held assets of $38.0m against liabilities of $16.2m, net assets of $21.9m. It reported 376 employees.