Local 251 Training Fund

Analysis

Local 251 Training Fund is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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 March 2024, Local 251 Training Fund reported income of $536k and spending of $659k, spending 123% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $528k to $536k (+1.4%), an average of +0.3% a year. The sharpest change came in the year to March 2022, when income rose by 69%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Local 251 Training Fund sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within RI. Charities of a similar size with the same main cause include Schooling for Life ($536k), National Association of Search and Rescue Inc ($536k) and Little Lotus Center ($536k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 87% and program service revenue 13% of the total. Other salaries and wages came to $142k. At year end it held assets of $386k against liabilities of $58k, net assets of $327k. It reported 13 employees.