Upstate New York Laborers Education & Training Funds TR

Analysis

Upstate New York Laborers Education & Training Funds TR is a registered charity in United States, based in Oswego, NY. It received its IRS tax-exemption ruling in November 1990, 36 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 October 2023, Upstate New York Laborers Education & Training Funds TR reported income of $484k and spending of $406k, spending 84% of its income. Across the 5 years on record, from October 2019 to October 2023, income fell from $528k to $484k (-8.4%), an average of -2.2% a year. The sharpest change came in the year to October 2021, when income dropped by 19%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Upstate New York Laborers Education & Training Funds TR sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Midlands Latino Community Development Corporation ($484k), Families in Crisis ($484k) and Career Connectors Network ($484k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 9.2% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $40k (9.9% of expenses). Other salaries and wages came to $111k. At year end it held assets of $900k against liabilities of $140k, net assets of $760k. It reported 7 employees.