The Apprenticeshop

Analysis

The Apprenticeshop is a registered charity in United States, based in Rockland, ME. It received its IRS tax-exemption ruling in October 1991, 35 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, The Apprenticeshop reported income of $616k and spending of $691k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $515k to $616k (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 101% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, The Apprenticeshop sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within ME. Charities of a similar size with the same main cause include International Hands in Service ($616k), Answering the Call Inc ($617k) and Bountifield International ($616k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $66k (9.5% of expenses). Other salaries and wages came to $311k. At year end it held assets of $707k against liabilities of $269k, net assets of $438k. It reported 25 employees.