Boilermakers Local 92 Training Fund

Analysis

Boilermakers Local 92 Training Fund is a registered charity in United States, based in SN Bernrdno, CA. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Boilermakers Local 92 Training Fund reported income of $3.5m and spending of $2.0m, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $3.5m (+1.2%), an average of +0.3% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 45% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Boilermakers Local 92 Training Fund sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Chinatown Manpower Project Inc ($3.5m), Vibrant Hawaii ($3.5m) and Institute for Entrepreneurial Leadership Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $282k (14% of expenses). Other salaries and wages came to $263k. At year end it held assets of $12.9m against liabilities of $49k, net assets of $12.9m. It reported 3 employees.