Local 57 Operating Engineers Apprenticeship & Skill Improvement

Analysis

Local 57 Operating Engineers Apprenticeship & Skill Improvement is a registered charity in United States, based in Johnston, RI. It received its IRS tax-exemption ruling in August 1972, 54 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 June 2024, Local 57 Operating Engineers Apprenticeship & Skill Improvement reported income of $2.1m and spending of $1.3m, leaving 39% of income unspent that year. Across the 4 years on record, from June 2020 to June 2024, income grew from $1.3m to $2.1m (+66%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 60% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Local 57 Operating Engineers Apprenticeship & Skill Improvement sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within RI. Charities of a similar size with the same main cause include Manhattan Bowery Management Corp ($2.1m), Technology for Rural Enhancement of Communities ($2.1m) and Enlace de Familias de Holyoke Holyoke Family Network Inc ($2.1m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $255k (20% of expenses). Other salaries and wages came to $251k. At year end it held assets of $5.0m against liabilities of $55k, net assets of $4.9m. It reported 32 employees.