Asbestos Workers Local No 42 Apprenticeship Training Fund

Analysis

Asbestos Workers Local No 42 Apprenticeship Training Fund is a registered charity in United States, based in Fleming Island, FL. It received its IRS tax-exemption ruling in March 1972, 54 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 July 2023, Asbestos Workers Local No 42 Apprenticeship Training Fund reported income of $118k and spending of $114k, spending 96% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $155k to $118k (-24%), an average of -6.5% a year. The sharpest change came in the year to July 2022, when income rose by 40%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Asbestos Workers Local No 42 Apprenticeship Training Fund sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 45th percentile within FL. Charities of a similar size with the same main cause include Istart Valley Inc ($118k), Friends of the Rivers Inc ($118k) and Country Club Estates Neighborhood Association Inc ($118k).

On its Form 990 for the period ending July 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $26k. At year end it held assets of $207k against liabilities of $2,584, net assets of $204k. It reported 4 employees.