Ironworkers Local 292 General BLDG Contractors Assn Appr Eductl Fund

Analysis

Ironworkers Local 292 General BLDG Contractors Assn Appr Eductl Fund is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in February 1972, 54 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 November 2023, Ironworkers Local 292 General BLDG Contractors Assn Appr Eductl Fund reported income of $363k and spending of $412k, spending 114% of what it took in. Across the 5 years on record, from November 2019 to November 2023, income grew from $253k to $363k (+43%), an average of +9.4% a year. The sharpest change came in the year to November 2021, when income rose by 51%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ironworkers Local 292 General BLDG Contractors Assn Appr Eductl Fund sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IN. Charities of a similar size with the same main cause include Main Street Pascagoula ($363k), Driftless Development Inc ($363k) and Boulder Chamber Foundation ($362k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $92k (22% of expenses). Other salaries and wages came to $40k. At year end it held assets of $243k against liabilities of $4,478, net assets of $239k. It reported 12 employees.