Baltimore Washington Laborers Joint Training Fund

Analysis

Baltimore Washington Laborers Joint Training Fund is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in February 1970, 56 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 September 2023, Baltimore Washington Laborers Joint Training Fund reported income of $1.8m and spending of $1.6m, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.3m to $1.8m (-24%), an average of -6.6% a year. The sharpest change came in the year to September 2022, when income dropped by 26%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Baltimore Washington Laborers Joint Training Fund sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MD. Charities of a similar size with the same main cause include Jefferson County Local Development Corporation ($1.8m), Safe House Project Inc ($1.8m) and 125th Street District Management Association Inc ($1.8m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 93% of the total. Compensation of current officers, directors and key employees was $196k (13% of expenses). Other salaries and wages came to $350k. At year end it held assets of $10.0m against liabilities of $170k, net assets of $9.8m. It reported 6 employees.