Painters Apprenticeship and Training Trust Fund

Analysis

Painters Apprenticeship and Training Trust Fund is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in August 1983, 43 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 June 2023, Painters Apprenticeship and Training Trust Fund reported income of $479k and spending of $414k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $299k to $479k (+60%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Painters Apprenticeship and Training Trust Fund sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within AK. Charities of a similar size with the same main cause include Great Plains Development Inc ($479k), Westown Community Development Corporation ($480k) and Employment Technology Inc ($479k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Other salaries and wages came to $109k. At year end it held assets of $301k against liabilities of $14k, net assets of $286k. It reported 7 employees.