Studio Mechanics Local 476 Training Fund

Analysis

Studio Mechanics Local 476 Training Fund is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Studio Mechanics Local 476 Training Fund reported income of $116k and spending of $375k, spending 322% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $210k to $116k (-45%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 111%. Over the whole period it spent 124% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Studio Mechanics Local 476 Training Fund sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within IL. Charities of a similar size with the same main cause include Panther Boosters Inc ($116k), Green Elementary Parent Teacher Organization ($116k) and Kingston Cooperative Preschool ($116k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $117k. At year end it held assets of $178k against liabilities of $85k, net assets of $93k. It reported 30 employees.