Chesapeake Construction Education and Apprenticeship Trust Fund

Analysis

Chesapeake Construction Education and Apprenticeship Trust Fund is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Chesapeake Construction Education and Apprenticeship Trust Fund reported income of $396k and spending of $409k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $333k to $396k (+19%), an average of +4.4% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chesapeake Construction Education and Apprenticeship Trust Fund sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MD. Charities of a similar size with the same main cause include Sommfoundation ($396k), Le Sallay & Marabou International Studies Inc ($396k) and Monson Free Library and Reading Room Association ($396k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $219k against liabilities of $99k, net assets of $119k.

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.