Twu Local 100-Nycta Training and Upgrading Fund

Analysis

Twu Local 100-Nycta Training and Upgrading Fund is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Twu Local 100-Nycta Training and Upgrading Fund reported income of $1.5m and spending of $1.7m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.3m to $1.5m (-66%), an average of -24% a year. The sharpest change came in the year to June 2023, when income dropped by 65%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Twu Local 100-Nycta Training and Upgrading Fund sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include South Asian American Digital Archive NFP ($1.5m), St Stephens Episcopal School ($1.5m) and C R JRS Chip Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $254k (15% of expenses). Other salaries and wages came to $338k. At year end it held assets of $3.0m against liabilities of $380k, net assets of $2.7m. It reported 29 employees.