National Plastering Industrys Joint Apprenticeship Trust Fund

Analysis

National Plastering Industrys Joint Apprenticeship Trust Fund is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in January 1968, 58 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, National Plastering Industrys Joint Apprenticeship Trust Fund reported income of $8.2m and spending of $8.8m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.3m to $8.2m (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Plastering Industrys Joint Apprenticeship Trust Fund sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include New Castle County Head Start Inc ($8.2m), St Francis Homes for Boys ($8.2m) and Georgia Research Alliance Inc ($8.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $317k (3.6% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $5.8m against liabilities of $125k, net assets of $5.7m. It reported 66 employees.