Iron Workers Local Union No 25 Training Fund

Analysis

Iron Workers Local Union No 25 Training Fund is a registered charity in United States, based in Wixom, MI. It received its IRS tax-exemption ruling in May 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Iron Workers Local Union No 25 Training Fund reported income of $4.8m and spending of $2.6m, leaving 47% of income unspent that year. Across the 5 years on record, from April 2019 to April 2023, income grew from $1.5m to $4.8m (+217%), an average of +33% a year. The sharpest change came in the year to April 2020, when income rose by 56%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Iron Workers Local Union No 25 Training Fund sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include St Cloud Math and Science Academy ($4.8m), Academy of Greatness & Excellence ($4.8m) and Chicago Futabakai Japanese School ($4.8m).

On its Form 990 for the period ending April 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $804k. At year end it held assets of $10.1m against liabilities of $114k, net assets of $10.0m. It reported 11 employees.