Building Trades Educational Benefit Fund

Analysis

Building Trades Educational Benefit Fund is a registered charity in United States, based in Garden City, NY. It received its IRS tax-exemption ruling in August 2006, 20 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, Building Trades Educational Benefit Fund reported income of $955k and spending of $1.1m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $955k (-13%), an average of -3.6% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 119% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Building Trades Educational Benefit Fund sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Entrepreneurs Organization ($955k), Enchantment Legacy ($955k) and Neighborhood Homework House ($955k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $54k (4.9% of expenses). Other salaries and wages came to $249k. At year end it held assets of $5.9m against liabilities of $241k, net assets of $5.7m. It reported 18 employees.