Finishing Trades Institute of the Mid Atlantic Region

Analysis

Finishing Trades Institute of the Mid Atlantic Region is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 2007, 19 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, Finishing Trades Institute of the Mid Atlantic Region reported income of $8.5m and spending of $7.1m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.7m to $8.5m (+83%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 63%. 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, Finishing Trades Institute of the Mid Atlantic Region sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within PA. Charities of a similar size with the same main cause include Jewish Family Service Agency ($8.5m), New Life Ranch Inc ($8.5m) and Macdonald Center ($8.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.4% and program service revenue 87% of the total. Other salaries and wages came to $2.6m. At year end it held assets of $15.9m against liabilities of $2.3m, net assets of $13.6m. It reported 76 employees.