Local 147 Training Fund

Analysis

Local 147 Training Fund is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Local 147 Training Fund reported income of $199k and spending of $148k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $39k to $199k (+409%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 228%. Over the whole period it spent 167% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Local 147 Training Fund sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Russell Cooperative Preschool Incorporated ($199k), Fei Houston Scholarship Foundation ($199k) and Ann Arbor Pioneer Booster Club ($199k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 43% of the total. Compensation of current officers, directors and key employees was $60k (40% of expenses). At year end it held assets of $1.4m against liabilities of $11k, net assets of $1.4m. It reported 2 employees.