Insulators Joint Apprenticeship and Training Committee Trust Fund

Analysis

Insulators Joint Apprenticeship and Training Committee Trust Fund is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in February 1993, 33 years ago. 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 August 2023, Insulators Joint Apprenticeship and Training Committee Trust Fund reported income of $365k and spending of $232k, leaving 37% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $289k to $365k (+27%), an average of +6.1% a year. The sharpest change came in the year to August 2022, when income rose by 29%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Insulators Joint Apprenticeship and Training Committee Trust Fund sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within OH. Charities of a similar size with the same main cause include National Auctioneers Association Foundation ($365k), Big Brothers Big Sisters of Central Arkansas Inc ($365k) and West Des Moines Soccer Club ($365k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $79k (34% of expenses). Other salaries and wages came to $9,546. At year end it held assets of $1.3m against liabilities of $7,928, net assets of $1.3m. It reported 5 employees.