Operating Engineers Local 520 Joint Apprenticeship and Training Fund

Analysis

Operating Engineers Local 520 Joint Apprenticeship and Training Fund is a registered charity in United States, based in Saint Jacob, IL. It received its IRS tax-exemption ruling in June 1974, 52 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 July 2024, Operating Engineers Local 520 Joint Apprenticeship and Training Fund reported income of $2.7m and spending of $1.9m, leaving 31% of income unspent that year. Across the 6 years on record, from July 2019 to July 2024, income grew from $1.5m to $2.7m (+84%), an average of +13% a year. The sharpest change came in the year to July 2022, when income rose by 78%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Operating Engineers Local 520 Joint Apprenticeship and Training Fund sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include California Masonic Memorial Temple ($2.7m), St Annes Center Inc ($2.7m) and Cathedral Plaza Inc ($2.7m).

On its Form 990 for the period ending July 2024, revenue came from program service revenue 90% of the total. Other salaries and wages came to $570k. At year end it held assets of $14.9m against liabilities of $2.9m, net assets of $12.0m. It reported 10 employees.