Iron Workers Local 7 Joint Apprentice Committee Educational F

Analysis

Iron Workers Local 7 Joint Apprentice Committee Educational F is a registered charity in United States, based in South Boston, MA. It received its IRS tax-exemption ruling in July 1968, 58 years ago. 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 June 2023, Iron Workers Local 7 Joint Apprentice Committee Educational F reported income of $4.8m and spending of $2.9m, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $4.8m (+24%), an average of +5.6% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iron Workers Local 7 Joint Apprentice Committee Educational F 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 Evanston Child Development Center ($4.8m), Nicolet College Foundation Inc ($4.8m) and Reach Up Inc ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 87% of the total. Compensation of current officers, directors and key employees was $164k (5.6% of expenses). Other salaries and wages came to $925k. At year end it held assets of $13.4m against liabilities of $314k, net assets of $13.1m. It reported 60 employees.