Boilmakers Local 85 Joint Training and Educational Trust Fund

Analysis

Boilmakers Local 85 Joint Training and Educational Trust Fund is a registered charity in United States, based in Rossford, OH. It received its IRS tax-exemption ruling in August 2014, 12 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 July 2023, Boilmakers Local 85 Joint Training and Educational Trust Fund reported income of $583k and spending of $712k, spending 122% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $1.0m to $583k (-43%), an average of -13% a year. The sharpest change came in the year to July 2021, when income dropped by 40%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Boilmakers Local 85 Joint Training and Educational Trust Fund sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within OH. Charities of a similar size with the same main cause include Rhyu Foundation ($583k), Peoria Christian School ($583k) and Carpenter Art Garden ($583k).

On its Form 990 for the period ending July 2023, revenue came from program service revenue 62% of the total. Compensation of current officers, directors and key employees was $5,202 (0.7% of expenses). Other salaries and wages came to $289k. At year end it held assets of $3.2m against liabilities of $65k, net assets of $3.2m. It reported 16 employees.