International Union of Operating Engineers National Training Fund

Analysis

International Union of Operating Engineers National Training Fund is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 1995, 31 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 June 2023, International Union of Operating Engineers National Training Fund reported income of $27.5m and spending of $19.8m, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.2m to $27.5m (+81%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 41%. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, International Union of Operating Engineers National Training Fund sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 95th percentile within DC. Charities of a similar size with the same main cause include Human Technologies Corporation ($27.5m), Opportunity Partners Inc ($27.6m) and Human Solutions Inc ($27.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 96% of the total. Other salaries and wages came to $4.2m. At year end it held assets of $42.4m against liabilities of $2.1m, net assets of $40.3m. It reported 48 employees.