Central New York Laborers Training Fund

Analysis

Central New York Laborers Training Fund is a registered charity in United States, based in E Syracuse, NY. It received its IRS tax-exemption ruling in April 1987, 39 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 June 2023, Central New York Laborers Training Fund reported income of $304k and spending of $268k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $326k to $304k (-6.6%), an average of -1.7% a year. The sharpest change came in the year to June 2020, when income rose by 19%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central New York Laborers Training Fund sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Live Oak High School Band and Color Guard Boosters Club Inc ($304k), Harbor of Hope Mission ($304k) and Rotary Club of Gainesville Foundation Inc ($304k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 90% of the total. Other salaries and wages came to $10k. At year end it held assets of $2.0m against liabilities of $125k, net assets of $1.8m.