Iuoe & Assoc General Contractors of MN Apprentship & Training Program

Analysis

Iuoe & Assoc General Contractors of MN Apprentship & Training Program is a registered charity in United States, based in Hinckley, MN. It received its IRS tax-exemption ruling in August 1979, 47 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 May 2023, Iuoe & Assoc General Contractors of MN Apprentship & Training Program reported income of $8.6m and spending of $11.4m, spending 133% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $6.7m to $8.6m (+29%), an average of +6.5% a year. The sharpest change came in the year to May 2021, when income rose by 17%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Iuoe & Assoc General Contractors of MN Apprentship & Training Program sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MN. Charities of a similar size with the same main cause include East Baltimore Development Inc ($8.6m), Opportunity House Inc ($8.6m) and Entrepreneurship for All Inc ($8.6m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 0.3% and program service revenue 97% of the total. Other salaries and wages came to $3.3m. At year end it held assets of $23.1m against liabilities of $243k, net assets of $22.8m. It reported 64 employees.