Asbestos Workers Education & Training Fund

Analysis

Asbestos Workers Education & Training Fund is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in March 1990, 36 years ago. 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, Asbestos Workers Education & Training Fund reported income of $841k and spending of $570k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $553k to $841k (+52%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Asbestos Workers Education & Training Fund sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Georgia Youth Science & Technology Center Inc ($841k), Association of School Business Officials International ($841k) and Partners in Revival Inc ($841k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Other salaries and wages came to $176k. At year end it held assets of $1.9m against liabilities of $346k, net assets of $1.6m. It reported 6 employees.