International Union of Operating Engineers Local 30 Apprentice Tra

Analysis

International Union of Operating Engineers Local 30 Apprentice Tra is a registered charity in United States, based in Whitestone, NY. It received its IRS tax-exemption ruling in April 1991, 35 years ago. 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, International Union of Operating Engineers Local 30 Apprentice Tra reported income of $2.3m and spending of $1.8m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.3m (+65%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, International Union of Operating Engineers Local 30 Apprentice Tra sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Wetlands Institute ($2.3m), Good Shepherd Center for Exceptional Children ($2.3m) and Panhandle Area Sheltered Workshop ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $15k (0.8% of expenses). Other salaries and wages came to $682k. At year end it held assets of $6.7m against liabilities of $2.9m, net assets of $3.9m. It reported 12 employees.