Iron Workers Joint Apprenticeship and Journeyman Training Fund

Analysis

Iron Workers Joint Apprenticeship and Journeyman Training Fund is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in February 1971, 55 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 2024, Iron Workers Joint Apprenticeship and Journeyman Training Fund reported income of $3.1m and spending of $1.7m, leaving 46% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $3.6m to $3.1m (-14%), an average of -2.9% a year. The sharpest change came in the year to June 2024, when income rose by 42%. Over the whole period it spent 73% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Iron Workers Joint Apprenticeship and Journeyman Training Fund sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include Futureworks Inc ($3.1m), Triangular Processing Inc ($3.1m) and Accelerate 500 Inc ($3.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 42% and program service revenue 54% of the total. Other salaries and wages came to $544k. At year end it held assets of $8.4m against liabilities of $675k, net assets of $7.7m. It reported 8 employees.