Finishing Trades Inst of West Penns Yldist Coun No 57 Jntapprtrain FD

Analysis

Finishing Trades Inst of West Penns Yldist Coun No 57 Jntapprtrain FD is a registered charity in United States, based in Carnegie, PA. It received its IRS tax-exemption ruling in November 1998, 28 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 2024, Finishing Trades Inst of West Penns Yldist Coun No 57 Jntapprtrain FD reported income of $1.6m and spending of $1.7m, spending 104% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.2m to $1.6m (+31%), an average of +7.0% a year. The sharpest change came in the year to June 2022, when income rose by 63%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Finishing Trades Inst of West Penns Yldist Coun No 57 Jntapprtrain FD sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Vietnamese Minnesotans Association ($1.6m), Hartford Community Loan Fund Inc ($1.6m) and Old Newsboys Goodfellow Fund of Detroit ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 16% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $166k (9.9% of expenses). Other salaries and wages came to $345k. At year end it held assets of $2.6m against liabilities of $6,684, net assets of $2.6m. It reported 24 employees.