Plasterers and Cement Masons Local 109 Apprenticeship Funds

Analysis

Plasterers and Cement Masons Local 109 Apprenticeship Funds is a registered charity in United States, based in Norton, OH. It received its IRS tax-exemption ruling in May 2024, 2 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Plasterers and Cement Masons Local 109 Apprenticeship Funds reported income of $262k and spending of $209k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $196k to $262k (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 69% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Plasterers and Cement Masons Local 109 Apprenticeship Funds sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within OH. Charities of a similar size with the same main cause include Junior League of Greenwich Conn Inc ($262k), Spark Small Business Center ($262k) and Capitol City Career Opportunities Inc ($262k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $55k (26% of expenses). Other salaries and wages came to $2,815. At year end it held assets of $824k against liabilities of $14k, net assets of $810k. It reported 5 employees.