U a Local 716 Apprenticeship and Training Trust

Analysis

U a Local 716 Apprenticeship and Training Trust is a registered charity in United States, based in Wallingford, CT. It received its IRS tax-exemption ruling in June 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, U a Local 716 Apprenticeship and Training Trust reported income of $306k and spending of $390k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $414k to $306k (-26%), an average of -7.3% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, U a Local 716 Apprenticeship and Training Trust sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within CT. Charities of a similar size with the same main cause include Vista Murrieta High School Band Boosters ($306k), Colorado Bioscience Institute ($306k) and National Institute of Governmental Purchasing Inc ($306k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.3% and program service revenue 97% of the total. Other salaries and wages came to $126k. At year end it held assets of $876k against liabilities of $7,994, net assets of $868k. It reported 12 employees.