Iowa Operating Engineers Joint Apprenticeship and Training Fund

Analysis

Iowa Operating Engineers Joint Apprenticeship and Training Fund is a registered charity in United States, based in Indianola, IA. It received its IRS tax-exemption ruling in November 1973, 53 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Iowa Operating Engineers Joint Apprenticeship and Training Fund reported income of $2.4m and spending of $2.0m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.5m to $2.4m (-3.3%), an average of -0.8% a year. The sharpest change came in the year to December 2022, when income dropped by 23%. Over the whole period it spent 59% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Iowa Operating Engineers Joint Apprenticeship and Training Fund sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within IA. Charities of a similar size with the same main cause include Mothers for Justice and Equality Inc ($2.4m), Thumb Industries Inc ($2.4m) and Community Housing Initiative Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $159k (7.9% of expenses). Other salaries and wages came to $389k. At year end it held assets of $11.2m against liabilities of $75k, net assets of $11.1m. It reported 8 employees.