Skills Development Services Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 10,265,981 | 9,491,632 | 774,349 | 10.7 | 68% |
| 2021 | 11,161,443 | 9,521,984 | 1,639,459 | 13.1 | 66% |
| 2022 | 11,135,237 | 9,891,849 | 1,243,388 | 13.9 | 68% |
| 2023 | 11,869,913 | 10,440,111 | 1,429,802 | 14.9 | 66% |
In its most recent public year (2023), this organization brought in $1,429,802 more than it spent. Its reserves stood at about 14.9 months of spending, up from 10.7 in 2020. Staff pay was 66% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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