International Union of Operating Engineers Local 571 Training Fund

Analysis

International Union of Operating Engineers Local 571 Training Fund is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in November 2007, 19 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 June 2023, International Union of Operating Engineers Local 571 Training Fund reported income of $1.3m and spending of $947k, leaving 27% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $901k to $1.3m (+43%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 55% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, International Union of Operating Engineers Local 571 Training Fund sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within NE. Charities of a similar size with the same main cause include Hebraic Heritage Christian School of Theology Inc ($1.3m), Groove with Me Inc ($1.3m) and Independence Academy of Indiana Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $138k (15% of expenses). Other salaries and wages came to $204k. At year end it held assets of $2.8m against liabilities of $40k, net assets of $2.8m. It reported 3 employees.