Operating Engineers Apprenticeship Trust Fund Local 649

Analysis

Operating Engineers Apprenticeship Trust Fund Local 649 is a registered charity in United States, based in Bartonville, IL. It received its IRS tax-exemption ruling in June 1970, 56 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Operating Engineers Apprenticeship Trust Fund Local 649 reported income of $4.6m and spending of $3.1m, leaving 33% of income unspent that year. Across the 4 years on record, from April 2020 to April 2023, income grew from $3.6m to $4.6m (+28%), an average of +8.5% a year. The sharpest change came in the year to April 2021, when income rose by 21%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Operating Engineers Apprenticeship Trust Fund Local 649 sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include Boy Scouts of America ($4.6m), Finger Lakes Ipa Inc ($4.6m) and Habitat for Humanity International Inc ($4.6m).

On its Form 990 for the period ending April 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $98k (3.2% of expenses). Other salaries and wages came to $650k. At year end it held assets of $12.5m against liabilities of $4,542, net assets of $12.5m. It reported 12 employees.