Teamsters Local 237 Training and Educational Fund

Analysis

Teamsters Local 237 Training and Educational Fund is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1987, 39 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Teamsters Local 237 Training and Educational Fund reported income of $792k and spending of $868k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $790k to $792k (+0.2%), an average of +0.1% a year. Over the whole period it spent 112% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Teamsters Local 237 Training and Educational Fund sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Junior League of Los Angeles Inc ($791k), Ennis Main Street ($792k) and Washington County Council on Economic Development ($790k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 90% of the total. Compensation of current officers, directors and key employees was $205k (24% of expenses). Other salaries and wages came to $290k. At year end it held assets of $747k against liabilities of $1.0m, net assets of -$299k. It reported 25 employees.