Adult Skills Center

Analysis

Adult Skills Center is a registered charity in United States, based in Van Nuys, CA. It received its IRS tax-exemption ruling in December 1991, 35 years ago. 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 December 2023, Adult Skills Center reported income of $20.6m and spending of $19.5m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.6m to $20.6m (+78%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Adult Skills Center 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 97th percentile within CA. Charities of a similar size with the same main cause include Northern Metropolitan Inc ($20.6m), Field School Inc ($20.6m) and Cascade Community Healthcare ($20.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $409k (2.1% of expenses). Other salaries and wages came to $12.3m. At year end it held assets of $12.8m against liabilities of $3.0m, net assets of $9.8m. It reported 434 employees.