1199 Seiu League Training and Upgrading Fund

Analysis

1199 Seiu League Training and Upgrading Fund is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1970, 56 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, 1199 Seiu League Training and Upgrading Fund reported income of $81.9m and spending of $79.6m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $74.4m to $81.9m (+10%), an average of +2.4% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, 1199 Seiu League Training and Upgrading Fund sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Goodwill Industries of San Diego County ($81.8m), Gateway Economic Development Corporation of Greater Cleveland ($82.3m) and Reinvestment Fund Inc ($78.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $60.8m against liabilities of $24.5m, net assets of $36.3m. It reported 7,454 employees.