Northeastern Joint Apprenticeship and Training Trust Fund

Analysis

Northeastern Joint Apprenticeship and Training Trust Fund is a registered charity in United States, based in Douglassville, PA. It received its IRS tax-exemption ruling in July 1972, 54 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, Northeastern Joint Apprenticeship and Training Trust Fund reported income of $10.5m and spending of $7.7m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.6m to $10.5m (+38%), an average of +8.5% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northeastern Joint Apprenticeship and Training Trust Fund sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within PA. Charities of a similar size with the same main cause include Carolina Small Business Development Fund ($10.5m), Big Brothers Big Sisters of Orange County and the Inland Empire Inc ($10.5m) and St Bernards Village Inc ($10.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $2.5m (32% of expenses). Other salaries and wages came to $510k. At year end it held assets of $26.6m against liabilities of $0, net assets of $26.6m. It reported 15 employees.