U a Local 38 Apprentice & Supplementary Training Trust Fund

Analysis

U a Local 38 Apprentice & Supplementary Training Trust Fund is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in April 1969, 57 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, U a Local 38 Apprentice & Supplementary Training Trust Fund reported income of $5.2m and spending of $7.1m, spending 136% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.6m to $5.2m (-22%), an average of -5.9% a year. The sharpest change came in the year to June 2022, when income dropped by 16%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, U a Local 38 Apprentice & Supplementary Training Trust Fund sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include DC Bar Pro Bono Center ($5.2m), One Voice ($5.2m) and United Way of the Central Savannah River Area Inc ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.9% and program service revenue 92% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $38.3m against liabilities of $23.2m, net assets of $15.0m.