Cement and Concrete Workers Training and Appreticeship Fund

Analysis

Cement and Concrete Workers Training and Appreticeship Fund is a registered charity in United States, based in Astoria, NY. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Cement and Concrete Workers Training and Appreticeship Fund reported income of $1.9m and spending of $2.4m, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.7m to $1.9m (-28%), an average of -7.8% a year. The sharpest change came in the year to December 2022, when income dropped by 52%. Over the whole period it spent 109% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cement and Concrete Workers Training and Appreticeship Fund sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Stanley H Durwood Foundation ($1.9m), Islanders Childrens Foundation ($1.9m) and Read Ahead Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $316k (13% of expenses). Other salaries and wages came to $867k. At year end it held assets of $8.3m against liabilities of $102k, net assets of $8.2m. It reported 7 employees.