Operating Eng 37 Apprentice Training Fund

Analysis

Operating Eng 37 Apprentice Training Fund is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 1966, 60 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, Operating Eng 37 Apprentice Training Fund reported income of $2.9m and spending of $1.3m, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.9m (+123%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 158%. 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, Operating Eng 37 Apprentice Training Fund sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MD. Charities of a similar size with the same main cause include Womens Center of Jacksonville Inc ($2.9m), National Cyber Security Alliance ($2.9m) and Flagler Cares Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $106k (8.4% of expenses). Other salaries and wages came to $251k. At year end it held assets of $7.6m against liabilities of $2,211, net assets of $7.6m. It reported 4 employees.