Mechanical Contractors Apprentice- Ship & Training Reimbursement Fund

Analysis

Mechanical Contractors Apprentice- Ship & Training Reimbursement Fund is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2023, Mechanical Contractors Apprentice- Ship & Training Reimbursement Fund reported income of $2.8m and spending of $2.2m, leaving 22% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $898k to $2.8m (+209%), an average of +33% a year. The sharpest change came in the year to July 2020, when income rose by 71%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mechanical Contractors Apprentice- Ship & Training Reimbursement Fund sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within MI. Charities of a similar size with the same main cause include Green Lake Preschool and Childcare Center ($2.8m), Covenant Christian Inc ($2.8m) and Pathway Corporation ($2.8m).

On its Form 990 for the period ending July 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.2m against liabilities of $577k, net assets of $1.6m.