Is Skills Inc Legit?

Strengths

Consistent positive net income in recent years (e.g., $1,418,906 surplus in 202306).
Significant growth in assets from $3.8M in 2018 to $7.5M in 2023, indicating financial stability and growth.
Consistent filing of IRS Form 990s over 13 periods, demonstrating transparency.
No reported officer compensation, potentially indicating a high proportion of funds directed to mission or volunteer leadership.

Spending Breakdown

How Skills Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Skills Inc

Is Skills Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Skills Inc (EIN: 10272879) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is Skills Inc a good charity to donate to?

Skills Inc has a Mission Score of 85/100. Revenue: $9.1M. Assets: $7.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Skills Inc?

The Employer Identification Number (EIN) for Skills Inc is 10272879. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Skills Inc spend its money?

Skills Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Skills Inc's tax-exempt status?

You can verify Skills Inc's tax-exempt status using EIN 10272879 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Skills Inc demonstrates a generally stable financial position with consistent revenue streams over the past decade, averaging around $10-12 million annually. The organization has shown a positive net income in recent years, with the latest filing (202306) reporting revenues of $9,749,003 against expenses of $8,330,097, indicating a surplus. This trend of managing expenses below revenue is a positive indicator of financial health, especially compared to earlier periods like 2014-2017 where expenses often exceeded revenue. The organization's assets have also shown growth, increasing from $3,830,217 in 2018 to $7,571,714 in 2023, while liabilities have remained relatively stable or decreased in proportion to assets, suggesting prudent financial management.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment is challenging. However, the consistent operational surpluses in recent years suggest that the organization is effectively managing its overall expenditures relative to its income. The absence of reported officer compensation across all filings is a notable aspect of its financial structure, potentially indicating a lean administrative overhead or a different compensation model for leadership. This could contribute to a higher proportion of funds being directed towards its mission.

In terms of transparency, the consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to public disclosure. The zero percent officer compensation reported across all available filings is a significant data point that enhances transparency, as it clearly indicates that no compensation was paid to officers, directors, trustees, or key employees, or that such compensation was not reported in the specified section. This level of detail, combined with consistent financial reporting, suggests a good level of transparency for stakeholders.

Verdict: Skills Inc appears trustworthy

Red Flags