Apprentice and Journeymen Education and Training Trust Fund U/A 130

Analysis

Apprentice and Journeymen Education and Training Trust Fund U/A 130 is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 1975, 51 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 May 2023, Apprentice and Journeymen Education and Training Trust Fund U/A 130 reported income of $7.8m and spending of $7.5m, spending 96% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $6.3m to $7.8m (+23%), an average of +7.2% a year. The sharpest change came in the year to May 2021, when income rose by 16%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Apprentice and Journeymen Education and Training Trust Fund U/A 130 sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Melanoma Research Foundation ($7.8m), Prattville Christian Academy Inc ($7.8m) and Brian House Inc ($7.8m).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $495k (6.6% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $39.4m against liabilities of $22.0m, net assets of $17.4m. It reported 54 employees.