Iron Workers Local 60 Education & Training Fund

Analysis

Iron Workers Local 60 Education & Training Fund is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in December 1988, 38 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, Iron Workers Local 60 Education & Training Fund reported income of $265k and spending of $289k, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $240k to $265k (+11%), an average of +2.5% a year. The sharpest change came in the year to June 2022, when income dropped by 30%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Iron Workers Local 60 Education & Training Fund sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Bates Community Development Corporation ($265k), Neighborhood Falmouth Inc ($265k) and Economic Development Partnership of Wright County ($265k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 86% of the total. Other salaries and wages came to $25k. At year end it held assets of $1.0m against liabilities of $28k, net assets of $1.0m. It reported 9 employees.