Finishing Trades Institute of North California and Nevada Trust

Analysis

Finishing Trades Institute of North California and Nevada Trust is a registered charity in United States, based in Tracy, CA. It received its IRS tax-exemption ruling in October 2021, 5 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 June 2023, Finishing Trades Institute of North California and Nevada Trust reported income of $15.3m and spending of $10.5m, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.7m to $15.3m (+75%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 56%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Finishing Trades Institute of North California and Nevada Trust sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Community Highered Institute ($15.3m), Usf Health Professions Conferencing Corporation ($15.3m) and Ohio State Innovation Foundation ($15.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 79% of the total. Other salaries and wages came to $3.5m. At year end it held assets of $43.1m against liabilities of $8.0m, net assets of $35.0m. It reported 36 employees.