Local 18 Joint Apprenticeship and Training Fund

Analysis

Local 18 Joint Apprenticeship and Training Fund is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in February 1977, 49 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 April 2023, Local 18 Joint Apprenticeship and Training Fund reported income of $373k and spending of $346k, spending 93% of its income. Across the 4 years on record, from April 2020 to April 2023, income grew from $260k to $373k (+43%), an average of +13% a year. The sharpest change came in the year to April 2023, when income rose by 20%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Local 18 Joint Apprenticeship and Training Fund sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IL. Charities of a similar size with the same main cause include Janzen House Inc ($373k), San Ramon Valley Education Foundation ($373k) and Catamount Trail Association ($373k).

On its Form 990 for the period ending April 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $25k. At year end it held assets of $860k against liabilities of $8,993, net assets of $851k.