Operating Engineers Local 841 Apprenticeship and Training Trust

Analysis

Operating Engineers Local 841 Apprenticeship and Training Trust is a registered charity in United States, based in Universal, IN. It received its IRS tax-exemption ruling in April 2005, 21 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 2024, Operating Engineers Local 841 Apprenticeship and Training Trust reported income of $3.9m and spending of $3.0m, leaving 24% of income unspent that year. Across the 5 years on record, from July 2020 to July 2024, income grew from $2.8m to $3.9m (+39%), an average of +8.6% a year. The sharpest change came in the year to July 2021, when income rose by 16%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Operating Engineers Local 841 Apprenticeship and Training Trust sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IN. Charities of a similar size with the same main cause include Mesivta of Clifton ($3.9m), Palmetto Achievement Center for Exc Ellence Academy Inc ($3.9m) and Chapel Hill Christian School ($3.9m).

On its Form 990 for the period ending July 2024, revenue came from program service revenue 82% of the total. Compensation of current officers, directors and key employees was $122k (4.1% of expenses). Other salaries and wages came to $698k. At year end it held assets of $9.7m against liabilities of $96k, net assets of $9.6m. It reported 13 employees.