Hoisting & Portable Engineers Local No 4 Apprenticeship & Training FND

Analysis

Hoisting & Portable Engineers Local No 4 Apprenticeship & Training FND is a registered charity in United States, based in Canton, MA. It received its IRS tax-exemption ruling in August 1968, 58 years ago. 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 December 2023, Hoisting & Portable Engineers Local No 4 Apprenticeship & Training FND reported income of $5.0m and spending of $4.1m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.4m to $5.0m (+13%), an average of +3.2% a year. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hoisting & Portable Engineers Local No 4 Apprenticeship & Training FND sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include New York Lawyers for the Public Interest Inc ($5.0m), Hayden Canyon Charter School Inc ($5.0m) and South Carolina State University Foundation Inc ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $311k (7.6% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $10.5m against liabilities of $98k, net assets of $10.4m. It reported 20 employees.