Illinois Laborers & Contractors Training Trust Fund

Analysis

Illinois Laborers & Contractors Training Trust Fund is a registered charity in United States, based in Mt Sterling, IL. It received its IRS tax-exemption ruling in December 1978, 48 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Illinois Laborers & Contractors Training Trust Fund reported income of $7.2m and spending of $7.4m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.6m to $7.2m (+9.3%), an average of +2.2% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Illinois Laborers & Contractors Training Trust Fund sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Women Giving Back Inc ($7.2m), New Village Corporation ($7.2m) and Kenosha Area Business Alliance Foundation Inc ($7.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $187k (2.5% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $27.5m against liabilities of $294k, net assets of $27.2m. It reported 45 employees.