Finishing Trades Institute of the Upper Midwest Trust Fund

Analysis

Finishing Trades Institute of the Upper Midwest Trust Fund is a registered charity in United States, based in Little Canada, MN. It received its IRS tax-exemption ruling in January 2015, 11 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, Finishing Trades Institute of the Upper Midwest Trust Fund reported income of $3.1m and spending of $3.4m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $3.1m (+9.9%), an average of +2.4% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Finishing Trades Institute of the Upper Midwest Trust Fund sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include Ocean Studies Charter School Inc ($3.1m), Payette River Technical Academy Inc ($3.1m) and Foothills School of Art & Sciences ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 81% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $3.3m against liabilities of $421k, net assets of $2.9m. It reported 25 employees.