Worcester Joint Apprenticeship & Training Fund

Analysis

Worcester Joint Apprenticeship & Training Fund is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in August 1969, 57 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Worcester Joint Apprenticeship & Training Fund reported income of $424k and spending of $265k, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $165k to $424k (+157%), an average of +27% a year. The sharpest change came in the year to June 2021, when income rose by 49%. 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, Worcester Joint Apprenticeship & Training Fund sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within MA. Charities of a similar size with the same main cause include Village School Trust ($424k), International Association of Law Enforcement Intelligence Analysts ($424k) and Volunteers of America Inc ($424k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 107% of the total. Compensation of current officers, directors and key employees was $802 (0.3% of expenses). Other salaries and wages came to $77k. At year end it held assets of $612k against liabilities of $6,615, net assets of $606k. It reported 7 employees.