Local Union 104 Occupational Safety Health and Educational Trust Fund

Analysis

Local Union 104 Occupational Safety Health and Educational Trust Fund is a registered charity in United States, based in Mansfield, MA. It received its IRS tax-exemption ruling in April 1985, 41 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Local Union 104 Occupational Safety Health and Educational Trust Fund reported income of $7.0m and spending of $4.6m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $7.0m (+114%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Local Union 104 Occupational Safety Health and Educational Trust Fund sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Lawndale Christian Development Corporation ($7.0m), Mountain States Line Constructors Apprenticeship & TRNG Joint Comm ($7.1m) and TD Jakes Foundation ($7.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $268k (5.9% of expenses). Other salaries and wages came to $740k. At year end it held assets of $13.0m against liabilities of $1.7m, net assets of $11.2m. It reported 7 employees.