Syracuse Asbestos Workers Apprentice Fund

Analysis

Syracuse Asbestos Workers Apprentice Fund is a registered charity in United States, based in East Syracuse, NY. It received its IRS tax-exemption ruling in March 1969, 57 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Syracuse Asbestos Workers Apprentice Fund reported income of $60k and spending of $103k, spending 172% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $53k to $60k (+13%), an average of +6.4% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 107% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Syracuse Asbestos Workers Apprentice Fund sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include Anvil Community Development Corporation ($60k), New California Coalition Foundation ($60k) and Lincoln County Family Resource Network Inc ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.