KML Carpenters Apprenticeship and Training Fund

Analysis

KML Carpenters Apprenticeship and Training Fund is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in July 1979, 47 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, KML Carpenters Apprenticeship and Training Fund reported income of $7.6m and spending of $7.9m, spending 103% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $7.8m to $7.6m (-1.7%), an average of -0.4% a year. The sharpest change came in the year to June 2021, when income dropped by 21%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, KML Carpenters Apprenticeship and Training Fund sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within PA. Charities of a similar size with the same main cause include Partners in Progress Inc ($7.6m), Honor Foundation ($7.7m) and Cities for Financial Empowerment Fund Inc ($7.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.6% and program service revenue 87% of the total. Other salaries and wages came to $2.9m. At year end it held assets of $23.6m against liabilities of $11k, net assets of $23.6m. It reported 47 employees.