Ironworkers Training and Education Fund

Analysis

Ironworkers Training and Education Fund is a registered charity in United States, based in Wallkill, NY. It received its IRS tax-exemption ruling in July 1968, 58 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 June 2024, Ironworkers Training and Education Fund reported income of $577k and spending of $752k, spending 130% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $600k to $577k (-3.7%), an average of -0.9% a year. The sharpest change came in the year to June 2021, when income rose by 83%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ironworkers Training and Education Fund sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Institute for International Medicine ($577k), Glorietta Parents Club ($578k) and Southeast Propane Technical Education Center Inc ($577k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.3% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $296k (39% of expenses). Other salaries and wages came to $135k. At year end it held assets of $2.9m against liabilities of $7,335, net assets of $2.9m. It reported 10 employees.