Heat & Frost Insulators Local 19 Training Fund

Analysis

Heat & Frost Insulators Local 19 Training Fund is a registered charity in United States, based in Pewaukee, WI. It received its IRS tax-exemption ruling in June 2017, 9 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 May 2023, Heat & Frost Insulators Local 19 Training Fund reported income of $281k and spending of $284k, spending 101% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $253k to $281k (+11%), an average of +3.6% a year. The sharpest change came in the year to May 2022, when income rose by 20%. Over the whole period it spent 111% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Heat & Frost Insulators Local 19 Training Fund sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within WI. Charities of a similar size with the same main cause include Reciprocity Collective ($281k), Hispanics in Energy ($281k) and Brooks Gives Back Inc ($281k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 1.7% and program service revenue 96% of the total. At year end it held assets of $190k against liabilities of $0, net assets of $190k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.