Asbestos Workers Local 12 Abatement Education and Training Fund

Analysis

Asbestos Workers Local 12 Abatement Education and Training Fund is a registered charity in United States, based in Long Island City, NY. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Local 12 Abatement Education and Training Fund reported income of $331k and spending of $252k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $180k to $331k (+84%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Asbestos Workers Local 12 Abatement Education and Training Fund sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Westside Christian School Inc ($331k), Seed Song Center Incorporated ($331k) and Carroll High School Instrumental Music Program Inc ($331k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1,247. At year end it held assets of $231k against liabilities of $0, net assets of $231k. It reported 1 employees.