Painters Apprenticeship and Journeymen Training Fund

Analysis

Painters Apprenticeship and Journeymen Training Fund is a registered charity in United States, based in Chesterfield, MO. It received its IRS tax-exemption ruling in October 1977, 49 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 June 2024, Painters Apprenticeship and Journeymen Training Fund reported income of $2.1m and spending of $2.2m, spending 105% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.6m to $2.1m (+29%), an average of +5.2% a year. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Painters Apprenticeship and Journeymen Training Fund sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within MO. Charities of a similar size with the same main cause include DBL Equity Partners ($2.1m), Southeastern Montana Development Corporation ($2.1m) and Public Works Alliance ($2.1m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 89% of the total. Other salaries and wages came to $796k. At year end it held assets of $6.6m against liabilities of $1.7m, net assets of $5.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.