Building Service Thomas Shortman Training Scholarship and

Analysis

Building Service Thomas Shortman Training Scholarship and is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1975, 51 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Building Service Thomas Shortman Training Scholarship and reported income of $20.1m and spending of $20.9m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.8m to $20.1m (+13%), an average of +3.1% a year. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Building Service Thomas Shortman Training Scholarship and sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Hoosier Uplands Economic Development Corporation ($20.0m), Thriving Wisconsin Inc ($20.1m) and Work Skills Corporation ($20.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $283k (1.4% of expenses). Other salaries and wages came to $7.3m. At year end it held assets of $23.4m against liabilities of $2.1m, net assets of $21.3m. It reported 286 employees.