Construction Education Trust

Analysis

Construction Education Trust is a registered charity in United States, based in Sterling HTS, MI. It received its IRS tax-exemption ruling in May 1997, 29 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 June 2023, Construction Education Trust reported income of $2.9m and spending of $1.4m, leaving 50% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.9m (+119%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 69%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Construction Education Trust sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within MI. Charities of a similar size with the same main cause include Collegiate Academy for Mathematics and Personal Awareness ($2.9m), Inspiredu Inc ($2.9m) and Longview Christian School Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Other salaries and wages came to $342k. At year end it held assets of $3.3m against liabilities of $91k, net assets of $3.3m. It reported 38 employees.