Local 624 Training Program

Analysis

Local 624 Training Program is a registered charity in United States, based in Richland, MS. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover employment, 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, Local 624 Training Program reported income of $352k and spending of $282k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $124k to $352k (+183%), an average of +30% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 63% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Local 624 Training Program sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within MS. Charities of a similar size with the same main cause include Sacramento Area Roofer Joint Apprenticeship Training Fund ($352k), Bisbee Coalition for the Homeless ($352k) and Folsom Economic Development Corporation ($352k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Other salaries and wages came to $69k. At year end it held assets of $1.2m against liabilities of $1,778, net assets of $1.2m. It reported 1 employees.