I U O E Local 158 Training Fund

Analysis

I U O E Local 158 Training Fund is a registered charity in United States, based in Cicero, NY. It received its IRS tax-exemption ruling in September 1984, 42 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, I U O E Local 158 Training Fund reported income of $2.7m and spending of $2.5m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $820k to $2.7m (+225%), an average of +34% a year. The sharpest change came in the year to December 2021, when income rose by 277%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, I U O E Local 158 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 H & T Medicals Inc ($2.7m), California Forward ($2.7m) and Leadership Initiatives ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.7% and program service revenue 84% of the total. Other salaries and wages came to $643k. At year end it held assets of $9.2m against liabilities of $57k, net assets of $9.1m. It reported 16 employees.