Reinforced Iron Workers Riggers & Machinery Movers Apprentice Fund

Analysis

Reinforced Iron Workers Riggers & Machinery Movers Apprentice Fund is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 1993, 33 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 June 2023, Reinforced Iron Workers Riggers & Machinery Movers Apprentice Fund reported income of $326k and spending of $366k, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $298k to $326k (+9.6%), an average of +2.3% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Reinforced Iron Workers Riggers & Machinery Movers Apprentice Fund sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within PA. Charities of a similar size with the same main cause include Russian Radio Bible Institute ($326k), Armenian Bar Association ($326k) and Brookline Multi Service Senior Center Corp ($326k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $88k. At year end it held assets of $578k against liabilities of $57k, net assets of $521k. It reported 9 employees.

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.