New England Laborers Training Trust Fund

Analysis

New England Laborers Training Trust Fund is a registered charity in United States, based in Hopkinton, MA. It received its IRS tax-exemption ruling in August 1969, 57 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New England Laborers Training Trust Fund reported income of $24.1m and spending of $14.7m, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $18.5m to $24.1m (+31%), an average of +6.9% a year. Over the whole period it spent 66% 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 Training Trust Fund sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Sightlife ($24.1m), Iec Hotel Corporation ($24.1m) and Capital Workforce Partners Inc ($24.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.6% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $904k (6.1% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $128.9m against liabilities of $29.5m, net assets of $99.4m. It reported 80 employees.