Iron Workers-395-Trust Joint Apprenticeship Training Committee

Analysis

Iron Workers-395-Trust Joint Apprenticeship Training Committee is a registered charity in United States, based in Lake Station, IN. It received its IRS tax-exemption ruling in May 2021, 5 years ago. 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 October 2023, Iron Workers-395-Trust Joint Apprenticeship Training Committee reported income of $1.8m and spending of $1.4m, leaving 23% of income unspent that year. Across the 5 years on record, from October 2017 to October 2023, income grew from $1.4m to $1.8m (+33%), an average of +7.3% a year. The sharpest change came in the year to October 2022, when income rose by 45%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iron Workers-395-Trust Joint Apprenticeship Training Committee sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within IN. Charities of a similar size with the same main cause include Habitat for Humanity of Greater Portland Inc ($1.8m), Community Engaged Payee Support ($1.8m) and Maplight ($1.8m).

On its Form 990 for the period ending October 2023, revenue came from program service revenue 93% of the total. Compensation of current officers, directors and key employees was $235k (17% of expenses). Other salaries and wages came to $377k. At year end it held assets of $5.1m against liabilities of $39k, net assets of $5.1m. It reported 10 employees.