Skills Inc

Charity Navigator Rating: 54% (One-Star out of Four Stars)

Skills Inc has received a One-Star rating, indicating significant concerns regarding its overall financial health and operational effectiveness. While the organization demonstrates strong governance practices, with 100% independent board members and excellent scores in policy areas such as conflict of interest and whistleblower protections, its financial metrics raise red flags.

The charity's program expense ratio is notably low at 45.59%, suggesting that a smaller portion of its spending is directed towards its programs compared to its administrative costs. Additionally, the liabilities to assets ratio is concerning, standing at 4.76%, which has impacted its accountability and finance score severely. This indicates potential financial instability that could hinder the organization's ability to fulfill its mission effectively.

Despite its strengths in governance and compliance, Skills Inc faces challenges in financial management and resource allocation. Stakeholders may want to consider these factors carefully when evaluating the organization's impact and sustainability as a nonprofit.

This AI summary has been generated from information found on Charity Navigator.

Skills Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Skills Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Heare are some key statistics you may want to consider:

Executive Compensation: $76,442
Professional Fundraising Fees: $0
Other Salaries and Wages: $230,006

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