Operating Engineers Local 513 Journeymen & Appren Training Fund

Analysis

Operating Engineers Local 513 Journeymen & Appren Training Fund is a registered charity in United States, based in Silex, MO. It received its IRS tax-exemption ruling in April 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 April 2024, Operating Engineers Local 513 Journeymen & Appren Training Fund reported income of $6.1m and spending of $5.2m, spending 84% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $4.4m to $6.1m (+39%), an average of +8.7% a year. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Operating Engineers Local 513 Journeymen & Appren Training Fund sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within MO. Charities of a similar size with the same main cause include West Central Job Partnership ($6.1m), Specialized Training for Adult Rehabilitation Inc ($6.1m) and High Rocks Educational Corporation ($6.1m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 1.0% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $127k (2.5% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $14.1m against liabilities of $174k, net assets of $14.0m. It reported 23 employees.