Iron Workers Local 383 Training Program Trust

Analysis

Iron Workers Local 383 Training Program Trust is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in June 1973, 53 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 August 2023, Iron Workers Local 383 Training Program Trust reported income of $659k and spending of $616k, spending 94% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $569k to $659k (+16%), an average of +3.7% a year. The sharpest change came in the year to August 2023, when income rose by 28%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iron Workers Local 383 Training Program Trust sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within WI. Charities of a similar size with the same main cause include Care Pregnancy Clinic ($659k), Music Theatre of Connecticut Inc ($659k) and Haifa Foundation North America Inc ($659k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $225k. At year end it held assets of $616k against liabilities of $0, net assets of $616k. It reported 14 employees.