Laborers Local 785 Training and Apprenticeship Fund

Analysis

Laborers Local 785 Training and Apprenticeship Fund is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in January 1990, 36 years ago. 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 785 Training and Apprenticeship Fund reported income of $233k and spending of $252k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $295k to $233k (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2022, when income rose by 35%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Laborers Local 785 Training and Apprenticeship Fund sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Marc Workshop Inc ($233k), Coras Intergenerational Center ($233k) and Wiregrass Emergency Pregnancy Service ($233k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 89% of the total. Other salaries and wages came to $51k. At year end it held assets of $980k against liabilities of $4,654, net assets of $975k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.