Laborers Local 17 Educational & Training Fund

Analysis

Laborers Local 17 Educational & Training Fund is a registered charity in United States, based in Newburgh, NY. It received its IRS tax-exemption ruling in November 1987, 39 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 December 2023, Laborers Local 17 Educational & Training Fund reported income of $2.6m and spending of $2.9m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.8m to $2.6m (-6.7%), an average of -1.7% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Laborers Local 17 Educational & Training Fund sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Cleaners Extraordinaire ($2.6m), Artisans Ark ($2.6m) and W I B Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $237k (8.1% of expenses). Other salaries and wages came to $707k. At year end it held assets of $6.7m against liabilities of $595k, net assets of $6.1m. It reported 17 employees.