Operating Engineers Local 17 Training Fund

Analysis

Operating Engineers Local 17 Training Fund is a registered charity in United States, based in Lake View, NY. It received its IRS tax-exemption ruling in November 1970, 56 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 May 2024, Operating Engineers Local 17 Training Fund reported income of $1.9m and spending of $1.5m, spending 82% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $1.2m to $1.9m (+53%), an average of +11% a year. The sharpest change came in the year to May 2021, when income rose by 20%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Operating Engineers Local 17 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 82nd percentile within NY. Charities of a similar size with the same main cause include Mount Zion Housing Authority of Hammond Inc ($1.9m), Brunswick Community College Foundation Inc ($1.9m) and Maine Childrens Home for Little Wanderers ($1.9m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 4.3% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $215k (14% of expenses). Other salaries and wages came to $359k. At year end it held assets of $4.4m against liabilities of $28k, net assets of $4.4m. It reported 9 employees.