Iron Workers Local Union No 172 Joint Apprenticeship Training

Analysis

Iron Workers Local Union No 172 Joint Apprenticeship Training is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in December 2019, 7 years ago. The IRS classifies it as a school under section 501(c)(3).

In the financial year ending June 2024, Iron Workers Local Union No 172 Joint Apprenticeship Training reported income of $1.7m and spending of $624k, leaving 62% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $1.4m to $1.7m (+19%), an average of +9.0% a year. The sharpest change came in the year to June 2024, when income rose by 15%. Over the whole period it spent 38% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iron Workers Local Union No 172 Joint Apprenticeship Training sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within OH. Charities of a similar size with the same main cause include St Andrews Housing Dev Fund Co ($1.7m), Circle of Brotherhood ($1.7m) and Madison Alexander Cooper and Martha Roane Cooper Foundation ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.3% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $86k (14% of expenses). Other salaries and wages came to $203k. At year end it held assets of $5.9m against liabilities of $20k, net assets of $5.9m. It reported 8 employees.