Local 46 Training Program Trust

Analysis

Local 46 Training Program Trust is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in April 2025. The IRS classifies it as a private operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Local 46 Training Program Trust reported income of $302k and spending of $243k, spending 81% of its income. Across the 4 years on record, from June 2021 to June 2024, income grew from $201k to $302k (+50%), an average of +14% a year. The sharpest change came in the year to June 2024, when income rose by 50%. 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, Local 46 Training Program Trust sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within IL. Charities of a similar size with the same main cause include Rhode Island Association of School Committees ($302k), Garrett County Habitat for Humanity Inc ($302k) and Bond Christian Service Camp ($302k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $84k (35% of expenses). Other salaries and wages came to $31k. At year end it held assets of $393k against liabilities of $4,762, net assets of $389k. It reported 10 employees.