Southwest Laborers Training and Apprenticeship Fund

Analysis

Southwest Laborers Training and Apprenticeship Fund is a registered charity in United States, based in Springer, OK. It received its IRS tax-exemption ruling in May 2010, 16 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 December 2023, Southwest Laborers Training and Apprenticeship Fund reported income of $495k and spending of $659k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $689k to $495k (-28%), an average of -7.9% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 126% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southwest Laborers Training and Apprenticeship Fund sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within OK. Charities of a similar size with the same main cause include Seaside Heights Business Improvement District Inc ($495k), New Mexico Caregivers Coalition ($495k) and Brick Capital Community Development Corporation ($494k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 91% of the total. Other salaries and wages came to $297k. At year end it held assets of $1.2m against liabilities of $16k, net assets of $1.2m. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.