Operating Engineers Joint Apprenticeship Training Fund

Analysis

Operating Engineers Joint Apprenticeship Training Fund is a registered charity in United States, based in Ft Washington, PA. It received its IRS tax-exemption ruling in August 1965, 61 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending December 2023, Operating Engineers Joint Apprenticeship Training Fund reported income of $6.5m and spending of $6.4m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.9m to $6.5m (+11%), an average of +2.5% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Operating Engineers Joint Apprenticeship Training Fund sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include Center for Children Inc ($6.5m), Birth Center ($6.5m) and Vermont Studio Center Inc ($6.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.9% and program service revenue 97% of the total. Other salaries and wages came to $2.5m. At year end it held assets of $10.6m against liabilities of $304k, net assets of $10.3m. It reported 21 employees.