Local 15 15a 15d Operating Engineer Apprenticeship Skill Improvement

Analysis

Local 15 15a 15d Operating Engineer Apprenticeship Skill Improvement is a registered charity in United States, based in Long Is City, NY. It received its IRS tax-exemption ruling in December 1970, 56 years ago. 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, Local 15 15a 15d Operating Engineer Apprenticeship Skill Improvement reported income of $5.3m and spending of $6.2m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.9m to $5.3m (-10.0%), an average of -2.6% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Local 15 15a 15d Operating Engineer Apprenticeship Skill Improvement sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Northern Lights Junior Volleyball Inc ($5.3m), CNS Corporation ($5.3m) and Cornerstone Rescue Mission ($5.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $420k (6.8% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $4.2m against liabilities of $386k, net assets of $3.8m. It reported 23 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.