Apprenticeship Training Trust Fund of Local 269

Analysis

Apprenticeship Training Trust Fund of Local 269 is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in December 1967, 59 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending June 2023, Apprenticeship Training Trust Fund of Local 269 reported income of $1.3m and spending of $1.8m, spending 144% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.5m to $1.3m (-13%), an average of -4.5% a year. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Apprenticeship Training Trust Fund of Local 269 sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Optimum Learning Environments Charter School ($1.3m), Louisiana Symphony Association ($1.3m) and Delaware Agricultural Museum Association ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $212k (11% of expenses). Other salaries and wages came to $328k. At year end it held assets of $2.7m against liabilities of $0, net assets of $2.7m. It reported 28 employees.