Iron Workers Local Union 8 Joint Apprntcshp&adv Jrnymn TRNG TR FD

Analysis

Iron Workers Local Union 8 Joint Apprntcshp&adv Jrnymn TRNG TR FD is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in January 1975, 51 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Iron Workers Local Union 8 Joint Apprntcshp&adv Jrnymn TRNG TR FD reported income of $4.0m and spending of $1.6m, leaving 60% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $4.0m (+184%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 174%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iron Workers Local Union 8 Joint Apprntcshp&adv Jrnymn TRNG TR FD sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within WI. Charities of a similar size with the same main cause include Stratford Shakespearean Festival of America ($4.0m), Linn Community Nursing Home Inc ($4.0m) and Tennessee Mental Health Consumers Associaton Inc Term ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $200k (13% of expenses). Other salaries and wages came to $287k. At year end it held assets of $5.0m against liabilities of $4,530, net assets of $5.0m. It reported 40 employees.