Hotel Trades Council and Hotel Industry Training Fund

Analysis

Hotel Trades Council and Hotel Industry Training 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. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hotel Trades Council and Hotel Industry Training Fund reported income of $1.2m and spending of $1.4m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.2m (-9.3%), an average of -2.4% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hotel Trades Council and Hotel Industry Training Fund sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Fulcrum Institute Dispute Resolution Clinic Association ($1.2m), Habitat for Humanity International Inc ($1.2m) and Lefthand Watershed Oversight Group ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 90% of the total. Other salaries and wages came to $321k. At year end it held assets of $4.1m against liabilities of $577k, net assets of $3.5m.