Roofers Local No 96 Apprentice Training Fund

Analysis

Roofers Local No 96 Apprentice Training Fund is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in May 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 November 2023, Roofers Local No 96 Apprentice Training Fund reported income of $1.1m and spending of $862k, leaving 21% of income unspent that year. Across the 5 years on record, from November 2019 to November 2023, income grew from $769k to $1.1m (+41%), an average of +9.0% a year. The sharpest change came in the year to November 2021, when income rose by 53%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Roofers Local No 96 Apprentice Training Fund sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MN. Charities of a similar size with the same main cause include Arrowhead Center Inc ($1.1m), Rim Family Services Inc ($1.1m) and Field Ready Inc ($1.1m).

On its Form 990 for the period ending November 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $149k. At year end it held assets of $4.2m against liabilities of $2.0m, net assets of $2.1m. It reported 5 employees.