Operating Engineers Nationalcharity Fund

Analysis

Operating Engineers Nationalcharity Fund is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Operating Engineers Nationalcharity Fund reported income of $1.8m and spending of $103k, leaving 94% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $57k to $1.8m (+3047%), an average of +137% a year. The sharpest change came in the year to December 2020, when income rose by 2028%. Over the whole period it spent 108% 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 Nationalcharity Fund sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 65th percentile within DC. Charities of a similar size with the same main cause include Community Personnel Services Inc ($1.8m), Women Business Collaborative ($1.8m) and Alliance for a Better Community ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.