Toledo Area Asbestos Workers Joint Apprenticeship Committee

Analysis

Toledo Area Asbestos Workers Joint Apprenticeship Committee is a registered charity in United States, based in Northwood, OH. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Toledo Area Asbestos Workers Joint Apprenticeship Committee reported income of $190k and spending of $198k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $64k to $190k (+196%), an average of +31% a year. The sharpest change came in the year to December 2020, when income rose by 137%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Toledo Area Asbestos Workers Joint Apprenticeship Committee sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within OH. Charities of a similar size with the same main cause include Ann Bethany Bertling and Tristan Gonzalez Foundation ($190k), Launch Academy Inc ($190k) and Penn-Trafford Scholarship Foundation ($190k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. At year end it held assets of $305k against liabilities of $0, net assets of $305k.

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.