Ironworkers Apprentice & Membership Retraining & Educational Trust

Analysis

Ironworkers Apprentice & Membership Retraining & Educational Trust is a registered charity in United States, based in Tipp City, OH. It received its IRS tax-exemption ruling in August 2005, 21 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 June 2024, Ironworkers Apprentice & Membership Retraining & Educational Trust reported income of $818k and spending of $621k, leaving 24% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $980k to $818k (-17%), an average of -4.4% a year. The sharpest change came in the year to June 2022, when income rose by 55%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ironworkers Apprentice & Membership Retraining & Educational Trust sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within OH. Charities of a similar size with the same main cause include Idea School ($818k), Pennsylvania Commission for Community Colleges ($818k) and Sagebrush Elementary School ($817k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $131k (21% of expenses). Other salaries and wages came to $175k. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 7 employees.