Contractors-Laborers Training Fund

Analysis

Contractors-Laborers Training Fund is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in September 1976, 50 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, Contractors-Laborers Training Fund reported income of $599k and spending of $546k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $523k to $599k (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Contractors-Laborers Training Fund sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within NE. Charities of a similar size with the same main cause include Crane River Theater Company Inc ($599k), Crisis Connection Inc ($599k) and Gillam-Grant Communtiy Center Inc ($599k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 73% of the total. Compensation of current officers, directors and key employees was $132k (24% of expenses). Other salaries and wages came to $132k. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m. It reported 3 employees.