Apprentice Educational Fund

Analysis

Apprentice Educational Fund is a registered charity in United States, based in Long Island City, NY. It received its IRS tax-exemption ruling in July 1978, 48 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, Apprentice Educational Fund reported income of $407k and spending of $359k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $480k to $407k (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Apprentice Educational Fund sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Forward Foundation Inc ($407k), Hampton Roads Electrical J a T C ($408k) and Rocky Mountain Asphalt Conference and Equipment Show ($407k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $42k (12% of expenses). Other salaries and wages came to $75k. At year end it held assets of $878k against liabilities of $267k, net assets of $611k. It reported 7 employees.