Skcac Industries and Employment Services

Analysis

Skcac Industries and Employment Services is a registered charity in United States, based in Kent, WA. It received its IRS tax-exemption ruling in November 1967, 59 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Skcac Industries and Employment Services reported income of $2.2m and spending of $1.9m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.2m (+28%), an average of +6.4% a year. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Skcac Industries and Employment Services sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within WA. Charities of a similar size with the same main cause include Center for Nonprofit Management ($2.2m), Rivercity Company ($2.2m) and Spark Centro Inc Formerly Latin Amer Chamber of Comm of CLT Insta ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $142k (7.4% of expenses). Other salaries and wages came to $936k. At year end it held assets of $2.7m against liabilities of $1.3m, net assets of $1.5m. It reported 51 employees.