Finishing Trades Institute of MD Va DC and Vicinities

Analysis

Finishing Trades Institute of MD Va DC and Vicinities is a registered charity in United States, based in Lanham, MD. It received its IRS tax-exemption ruling in July 1999, 27 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Finishing Trades Institute of MD Va DC and Vicinities reported income of $1.2m and spending of $1.2m, spending 106% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.4m to $1.2m (-18%), an average of -6.5% a year. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Finishing Trades Institute of MD Va DC and Vicinities sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MD. Charities of a similar size with the same main cause include Community Development Bankers Association Cdba ($1.2m), Wear Gloves Inc ($1.2m) and Black Hills Community Loan Fund Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Other salaries and wages came to $428k. At year end it held assets of $2.3m against liabilities of $813k, net assets of $1.5m. It reported 8 employees.