Operating Engineers Local 14-14b Training Fund

Analysis

Operating Engineers Local 14-14b Training Fund is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in March 1992, 34 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 June 2023, Operating Engineers Local 14-14b Training Fund reported income of $2.4m and spending of $3.9m, spending 163% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.4m to $2.4m (+0.6%), an average of +0.2% a year. Over the whole period it spent 152% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Operating Engineers Local 14-14b Training Fund sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Workforce Development Board of Southeast Missouri ($2.4m), Stapleton Foundation for ($2.4m) and Destination Medical Center Corporation ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $13.7m against liabilities of $55k, net assets of $13.6m.

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.