Liuna Local 731 Training Fund

Analysis

Liuna Local 731 Training Fund is a registered charity in United States, based in Astoria, NY. It received its IRS tax-exemption ruling in February 1997, 29 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, Liuna Local 731 Training Fund reported income of $7.5m and spending of $6.0m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.8m to $7.5m (-4.4%), an average of -1.1% a year. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Liuna Local 731 Training Fund sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Southern Carolina Regional Development Alliance ($7.5m), LA Plaza de Cultura Y Artes ($7.5m) and Durham Exchange Club Industries Inc ($7.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 87% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $38.5m against liabilities of $2.0m, net assets of $36.5m. It reported 12 employees.