Tri City Joint Apprenticeship and Training Committee

Analysis

Tri City Joint Apprenticeship and Training Committee is a registered charity in United States, based in Latham, NY. It received its IRS tax-exemption ruling in December 1981, 45 years ago. 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 August 2023, Tri City Joint Apprenticeship and Training Committee reported income of $1.9m and spending of $1.5m, leaving 20% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.2m to $1.9m (+52%), an average of +11% a year. The sharpest change came in the year to August 2020, when income rose by 19%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tri City Joint Apprenticeship and Training Committee sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Lawfare Institute ($1.9m), Historic Santa Fe Foundation Inc ($1.9m) and Northport Apartments Corporation ($1.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 90% and program service revenue 7.9% of the total. Other salaries and wages came to $648k. At year end it held assets of $2.3m against liabilities of $144k, net assets of $2.2m. It reported 12 employees.