Mica-Abestos Workers No 74 Education Trust Fund

Analysis

Mica-Abestos Workers No 74 Education Trust Fund is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in September 1981, 45 years ago. 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 December 2023, Mica-Abestos Workers No 74 Education Trust Fund reported income of $62k and spending of $52k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $40k to $62k (+54%), an average of +54% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mica-Abestos Workers No 74 Education Trust Fund sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 21st percentile within IA. Charities of a similar size with the same main cause include East Hampton CT Soccer Club Inc ($62k), PTA Texas Congress ($62k) and P H C C C Inc ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 44% of the total. At year end it held assets of $108k against liabilities of $10, net assets of $108k.