Operating Engineers Local 150 Apprenticeship Fund

Analysis

Operating Engineers Local 150 Apprenticeship Fund is a registered charity in United States, based in Wilmington, IL. It received its IRS tax-exemption ruling in May 1970, 56 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Operating Engineers Local 150 Apprenticeship Fund reported income of $44.5m and spending of $30.2m, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $24.1m to $44.5m (+85%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 157%. Over the whole period it spent 70% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Operating Engineers Local 150 Apprenticeship Fund sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Pathstone Corporation ($43.2m), Goodwill Industries of Greater Grand Rapids Inc ($44.6m) and Go-Hire Employment and Development ($43.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $8,170 (0.0% of expenses). Other salaries and wages came to $8.9m. At year end it held assets of $91.8m against liabilities of $9.3m, net assets of $82.5m. It reported 115 employees.