Keystone Apprenticeship Trust Fund

Analysis

Keystone Apprenticeship Trust Fund is a registered charity in United States, based in Manheim, PA. It received its IRS tax-exemption ruling in September 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending July 2023, Keystone Apprenticeship Trust Fund reported income of $1.5m and spending of $1.4m, spending 93% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.1m to $1.5m (+37%), an average of +8.2% a year. The sharpest change came in the year to July 2020, when income rose by 32%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Keystone Apprenticeship Trust Fund sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within PA. Charities of a similar size with the same main cause include Exodus Building ($1.5m), Latin American Leadership Foundation Inc ($1.5m) and Lake Logan Episcopal Center ($1.5m).

On its Form 990 for the period ending July 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $426k. At year end it held assets of $3.7m against liabilities of $1.5m, net assets of $2.1m.