Apprentice Journeyworker Educ Fund of Heat & Frost Insulators Loc 12

Analysis

Apprentice Journeyworker Educ Fund of Heat & Frost Insulators Loc 12 is a registered charity in United States, based in Long Is City, NY. It received its IRS tax-exemption ruling in April 1993, 33 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Apprentice Journeyworker Educ Fund of Heat & Frost Insulators Loc 12 reported income of $740k and spending of $1.0m, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $784k to $740k (-5.7%), an average of -1.4% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 114% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Apprentice Journeyworker Educ Fund of Heat & Frost Insulators Loc 12 sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Winemakers Research Exchange Inc ($740k), Portland Electrical Joint Apprenticeship & Training Fund ($740k) and Vitrina Solidaria Inc ($739k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.5% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $261k (26% of expenses). Other salaries and wages came to $110k. At year end it held assets of $2.2m against liabilities of $1.5m, net assets of $640k. It reported 6 employees.