Apprentice Education Trust Local 440

Analysis

Apprentice Education Trust Local 440 is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in September 1974, 52 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 December 2023, Apprentice Education Trust Local 440 reported income of $4.8m and spending of $4.1m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $4.8m (+80%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Apprentice Education Trust Local 440 sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IN. Charities of a similar size with the same main cause include St Marys Plaza Inc ($4.8m), Veterans Consortium Pro Bono Program ($4.8m) and Palmetto AIDS Life Support Services ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Other salaries and wages came to $973k. At year end it held assets of $7.5m against liabilities of $0, net assets of $7.5m. It reported 63 employees.