Florida West Coast Operating Engineers Apprenticeship Trust Fun

Analysis

Florida West Coast Operating Engineers Apprenticeship Trust Fun is a registered charity in United States, based in Sparks, MD. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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 March 2024, Florida West Coast Operating Engineers Apprenticeship Trust Fun reported income of $819k and spending of $780k, spending 95% of its income. Across the 6 years on record, from March 2019 to March 2024, income grew from $442k to $819k (+86%), an average of +13% a year. The sharpest change came in the year to March 2020, when income rose by 59%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Florida West Coast Operating Engineers Apprenticeship Trust Fun sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MD. Charities of a similar size with the same main cause include Providence Promise ($819k), Linly Heflin Unit ($819k) and STEM to the Future ($819k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $292k. At year end it held assets of $2.5m against liabilities of $26k, net assets of $2.4m. It reported 8 employees.