Skills Inc
Skills Inc shows consistent revenue and growing assets with no reported officer compensation.
EIN: 10272879 · Saint Albans, ME · NTEE: P820 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.1M |
| Total Expenses | $8.3M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $9 |
| Net Assets | $5.4M |
| Transparency Score | 85/100 |
Is Skills Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Skills Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Skills Inc
Skills Inc (EIN: 10272879) is a nonprofit organization based in Saint Albans, ME, classified under NTEE code P820. The organization reported total revenue of $9.1M and total assets of $7.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Skills Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Skills Inc is a mid-size nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.7M |
| Total Expenses | $8.3M |
| Surplus / Deficit | +$1.4M |
| Total Assets | $7.6M |
| Total Liabilities | $2.2M |
| Net Assets | $5.4M |
| Operating Margin | 14.6% |
| Debt-to-Asset Ratio | 28.9% |
| Months of Reserves | 10.9 months |
Financial Health Grade: A
In 2023, Skills Inc reported a surplus of $1.4M with revenue exceeding expenses, holds 10.9 months of operating reserves (strong position), has a debt-to-asset ratio of 28.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Skills Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.5% | -7.6% | +30.0% |
| 2022 | -12.4% | +5.9% | -6.4% |
| 2021 | +12.1% | -6.2% | +9.9% |
| 2020 | -4.8% | -1.8% | +30.5% |
| 2019 | +3.0% | +0.8% | +13.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1982 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Skills Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Skills Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 28.9%.
Executive Compensation Analysis
Skills Inc consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with revenues often exceeding $9 million. This suggests either a volunteer leadership structure, compensation being reported under different categories, or a highly efficient operational model where leadership is not compensated through traditional officer salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Skills Inc's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which may obscure actual leadership costs if compensated differently.
Strengths
The following positive indicators were identified for Skills Inc:
- 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.
Frequently Asked Questions about Skills Inc
Is Skills Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Skills Inc (EIN: 10272879) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Skills Inc spend its money?
Skills Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Skills Inc tax-deductible?
Skills Inc is registered as a tax-exempt nonprofit (EIN: 10272879). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Skills Inc CEO make?
Skills Inc's highest-compensated officer earns $9 annually. The organization reported $9.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Skills Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Skills Inc is above average for NTEE category P820 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Skills Inc located?
Skills Inc is headquartered in Saint Albans, Maine and files with the IRS under EIN 10272879. It is classified under NTEE code P820.
How many years of IRS 990 filings does Skills Inc have?
Skills Inc has 13 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 $9.1M in total revenue.
How does Skills Inc manage to operate without reported officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that either the organization's leadership is entirely volunteer-based, or their compensation is structured and reported under different expense categories not captured in the 'Officer Comp' field of the provided data. Further investigation into their detailed Form 990s would be needed to clarify this.
What is the primary source of Skills Inc's revenue?
While the provided data shows total revenue, it does not specify the breakdown of revenue sources (e.g., grants, program service fees, contributions). To understand the primary source, one would need to examine the detailed revenue sections of their IRS Form 990 filings.
What specific programs does Skills Inc operate given its NTEE code P820?
The NTEE code P820 typically refers to 'Employment & Job Related Services'. This suggests Skills Inc is involved in programs related to job training, placement, or support services. However, the provided financial data does not detail specific program activities.
Filing History
IRS 990 filing history for Skills Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Skills Inc's revenue has declined by 43.8%, moving from $17.4M to $9.7M. Total assets decreased by 15.6% over the same period, from $9.0M to $7.6M. Total functional expenses fell by 50.6%, from $16.9M to $8.3M. In its most recent filing year (2023), Skills Inc reported a surplus of $1.4M, with revenue exceeding expenses. The organization holds $2.2M in liabilities against $7.6M in assets (debt-to-asset ratio: 28.9%), resulting in net assets of $5.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.7M | $8.3M | $7.6M | $2.2M | — | View 990 |
| 2022 | $9.0M | $9.0M | $5.8M | $2.5M | — | View 990 |
| 2021 | $10.3M | $8.5M | $6.2M | $2.5M | — | View 990 |
| 2020 | $9.2M | $9.1M | $5.7M | $3.9M | — | View 990 |
| 2019 | $9.6M | $9.2M | $4.3M | $2.6M | — | View 990 |
| 2018 | $9.3M | $9.2M | $3.8M | $2.5M | — | View 990 |
| 2017 | $9.1M | $9.3M | $4.0M | $2.9M | — | View 990 |
| 2016 | $12.8M | $13.4M | $4.2M | $2.9M | — | View 990 |
| 2015 | $13.8M | $14.7M | $6.6M | $4.7M | — | View 990 |
| 2014 | $16.3M | $16.5M | $9.3M | $5.3M | — | View 990 |
| 2013 | $17.0M | $17.5M | $9.5M | $5.3M | — | View 990 |
| 2012 | $18.2M | $17.9M | $9.5M | $4.9M | — | View 990 |
| 2011 | $17.4M | $16.9M | $9.0M | $4.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.7M, expenses of $8.3M, and assets of $7.6M (revenue +8.5% year-over-year).
- 2022: Revenue of $9.0M, expenses of $9.0M, and assets of $5.8M (revenue -12.4% year-over-year).
- 2021: Revenue of $10.3M, expenses of $8.5M, and assets of $6.2M (revenue +12.1% year-over-year).
- 2020: Revenue of $9.2M, expenses of $9.1M, and assets of $5.7M (revenue -4.8% year-over-year).
- 2019: Revenue of $9.6M, expenses of $9.2M, and assets of $4.3M (revenue +3.0% year-over-year).
- 2018: Revenue of $9.3M, expenses of $9.2M, and assets of $3.8M (revenue +2.9% year-over-year).
- 2017: Revenue of $9.1M, expenses of $9.3M, and assets of $4.0M (revenue -29.2% year-over-year).
- 2016: Revenue of $12.8M, expenses of $13.4M, and assets of $4.2M (revenue -6.9% year-over-year).
- 2015: Revenue of $13.8M, expenses of $14.7M, and assets of $6.6M (revenue -15.4% year-over-year).
- 2014: Revenue of $16.3M, expenses of $16.5M, and assets of $9.3M (revenue -4.3% year-over-year).
- 2013: Revenue of $17.0M, expenses of $17.5M, and assets of $9.5M (revenue -6.6% year-over-year).
- 2012: Revenue of $18.2M, expenses of $17.9M, and assets of $9.5M (revenue +5.0% year-over-year).
- 2011: Revenue of $17.4M, expenses of $16.9M, and assets of $9.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Skills Inc:
Data Sources and Methodology
This transparency report for Skills Inc 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.