Insulation Industrys National Apprentice and Training Fund

Analysis

Insulation Industrys National Apprentice and Training Fund is a registered charity in United States, based in Lanham, MD. It received its IRS tax-exemption ruling in September 1971, 55 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Insulation Industrys National Apprentice and Training Fund reported income of $3.3m and spending of $2.6m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $3.3m (+23%), an average of +5.4% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 65% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Insulation Industrys National Apprentice and Training Fund sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within MD. Charities of a similar size with the same main cause include Prince Georges Financial Services Corporation ($3.3m), Harwood Institute for Public Innovation ($3.3m) and Nc3-National Coalition of Certification Centers Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.5% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $296k (11% of expenses). Other salaries and wages came to $154k. At year end it held assets of $8.1m against liabilities of $72k, net assets of $8.1m. It reported 3 employees.