Apprenticeship Training Fund Local 138

Analysis

Apprenticeship Training Fund Local 138 is a registered charity in United States, based in Farmingdale, NY. It received its IRS tax-exemption ruling in December 1964, 62 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Apprenticeship Training Fund Local 138 reported income of $2.2m and spending of $1.6m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.2m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Apprenticeship Training Fund Local 138 sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Ken-Crest Workers Compensation Trust ($2.2m), National Law Center on Homelessness and Poverty ($2.2m) and Catholic High School Foundation Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $235k (15% of expenses). Other salaries and wages came to $380k. At year end it held assets of $3.1m against liabilities of $103k, net assets of $3.0m. It reported 20 employees.