Operating Engineers Local 406 State of Louisiana Apprenticeship and Ed

Analysis

Operating Engineers Local 406 State of Louisiana Apprenticeship and Ed is a registered charity in United States, based in Metairie, LA. It received its IRS tax-exemption ruling in September 1974, 52 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 December 2023, Operating Engineers Local 406 State of Louisiana Apprenticeship and Ed reported income of $560k and spending of $632k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $469k to $560k (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2022, when income rose by 46%. 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, Operating Engineers Local 406 State of Louisiana Apprenticeship and Ed sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within LA. Charities of a similar size with the same main cause include Fresno Revitalization Corporation ($560k), City of Washington Citywide Development Corporation ($560k) and The Nehemiah Project Inc ($560k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 92% of the total. Compensation of current officers, directors and key employees was $149k (24% of expenses). Other salaries and wages came to $144k. At year end it held assets of $2.9m against liabilities of $15k, net assets of $2.9m. It reported 12 employees.