Local 355 Usw Joint Apprenticeship and Training Fund

Analysis

Local 355 Usw Joint Apprenticeship and Training Fund is a registered charity in United States, based in New Rochelle, NY. It received its IRS tax-exemption ruling in January 2003, 23 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 April 2023, Local 355 Usw Joint Apprenticeship and Training Fund reported income of $1.0m and spending of $957k, spending 93% of its income. Across the 5 years on record, from April 2019 to April 2023, income fell from $1.2m to $1.0m (-13%), an average of -3.3% a year. The sharpest change came in the year to April 2020, when income dropped by 16%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Local 355 Usw Joint Apprenticeship and Training Fund sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Children Rising Inc ($1.0m), Van Go Mobile Arts Inc ($1.0m) and Los Angeles Review of Books ($1.0m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 2.4% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $246k (26% of expenses). Other salaries and wages came to $114k. At year end it held assets of $1.8m against liabilities of $56k, net assets of $1.7m. It reported 16 employees.