Skills Foundation Of Mississippi
EIN: 821551376 · Jackson, MS · NTEE: J20
| Metric | Value |
|---|---|
| Total Revenue | $694K |
| Total Expenses | $613K |
| Net Assets | $665K |
Is Skills Foundation Of Mississippi Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Skills Foundation Of Mississippi
Skills Foundation Of Mississippi (EIN: 821551376) is a nonprofit organization based in Jackson, MS, classified under NTEE code J20. The organization reported total revenue of $694K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Skills Foundation Of Mississippi's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Skills Foundation Of Mississippi is a small nonprofit that has been operating for 8 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 63.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $909K |
| Total Expenses | $613K |
| Surplus / Deficit | +$297K |
| Total Assets | $987K |
| Total Liabilities | $322K |
| Net Assets | $665K |
| Operating Margin | 32.6% |
| Debt-to-Asset Ratio | 32.6% |
| Months of Reserves | 19.3 months |
Financial Health Grade: A
In 2023, Skills Foundation Of Mississippi reported a surplus of $297K with revenue exceeding expenses, holds 19.3 months of operating reserves (strong position), has a debt-to-asset ratio of 32.6% (moderate leverage).
Financial Trends
Over 6 years of filings (2018–2023), Skills Foundation Of Mississippi's revenue has grown at a compound annual growth rate (CAGR) of 63.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -23.7% | -39.7% | +98.5% |
| 2022 | +114.3% | +49.5% | +64.3% |
| 2021 | -20.1% | +19.4% | -29.2% |
| 2020 | +4.2% | +29.4% | +15.7% |
| 2019 | +760.9% | +349.2% | +515.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Skills Foundation Of Mississippi has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Skills Foundation Of Mississippi with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $297K, with revenue exceeding expenses.
- Debt-to-asset ratio: 32.6%.
Frequently Asked Questions about Skills Foundation Of Mississippi
Is Skills Foundation Of Mississippi a legitimate charity?
Based on AI analysis of IRS 990 filings, Skills Foundation Of Mississippi (EIN: 821551376) insufficient data. 0 red flags identified, 0 strengths noted.
How does Skills Foundation Of Mississippi spend its money?
Detailed spending breakdown data is not yet available for Skills Foundation Of Mississippi. Check back for updated IRS 990 analysis.
Are donations to Skills Foundation Of Mississippi tax-deductible?
Skills Foundation Of Mississippi is registered as a tax-exempt nonprofit (EIN: 821551376). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Skills Foundation Of Mississippi located?
Skills Foundation Of Mississippi is headquartered in Jackson, Mississippi and files with the IRS under EIN 821551376. It is classified under NTEE code J20.
How many years of IRS 990 filings does Skills Foundation Of Mississippi have?
Skills Foundation Of Mississippi has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $694K in total revenue.
Filing History
IRS 990 filing history for Skills Foundation Of Mississippi showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Skills Foundation Of Mississippi's revenue has grown by 1072.8%, moving from $78K to $909K. Total assets increased by 1544.2% over the same period, from $60K to $987K. Total functional expenses rose by 525.7%, from $98K to $613K. In its most recent filing year (2023), Skills Foundation Of Mississippi reported a surplus of $297K, with revenue exceeding expenses. The organization holds $322K in liabilities against $987K in assets (debt-to-asset ratio: 32.6%), resulting in net assets of $665K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $909K | $613K | $987K | $322K | — | — |
| 2022 | $1.2M | $1.0M | $497K | $129K | — | View 990 |
| 2021 | $556K | $680K | $303K | $109K | — | View 990 |
| 2020 | $696K | $569K | $427K | $109K | — | View 990 |
| 2019 | $667K | $440K | $369K | $178K | — | View 990 |
| 2018 | $78K | $98K | $60K | $96K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $909K, expenses of $613K, and assets of $987K (revenue -23.7% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.0M, and assets of $497K (revenue +114.3% year-over-year).
- 2021: Revenue of $556K, expenses of $680K, and assets of $303K (revenue -20.1% year-over-year).
- 2020: Revenue of $696K, expenses of $569K, and assets of $427K (revenue +4.2% year-over-year).
- 2019: Revenue of $667K, expenses of $440K, and assets of $369K (revenue +760.9% year-over-year).
- 2018: Revenue of $78K, expenses of $98K, and assets of $60K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Skills Foundation Of Mississippi:
Data Sources and Methodology
This transparency report for Skills Foundation Of Mississippi is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.