Abc of Indiana Apprenticeship Trust

Analysis

Abc of Indiana Apprenticeship Trust is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 1983, 43 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Abc of Indiana Apprenticeship Trust reported income of $3.5m and spending of $2.4m, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $3.5m (+119%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 66%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Abc of Indiana Apprenticeship Trust sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within IN. Charities of a similar size with the same main cause include Nashville Entrepreneur Center ($3.5m), Freeport Bible Center Inc ($3.5m) and Young Mens Christian Association of Kankakee Ill ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 48% of the total. Other salaries and wages came to $469k. At year end it held assets of $8.9m against liabilities of $3.0m, net assets of $5.8m. It reported 62 employees.