New England Laborers Apprenticeship Advancement Fund

Analysis

New England Laborers Apprenticeship Advancement Fund is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, New England Laborers Apprenticeship Advancement Fund reported income of $257k and spending of $258k, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $270k to $257k (-5.1%), an average of -1.3% a year. The sharpest change came in the year to June 2024, when income rose by 39%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New England Laborers Apprenticeship Advancement Fund sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 55th percentile within RI. Charities of a similar size with the same main cause include River Valley Community Outreach Center ($257k), National Association of Colored Womens Clubs ($257k) and Experience Now Inc ($256k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 58% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.