Asbestos Workers Local 24 Apprentice Fund

Analysis

Asbestos Workers Local 24 Apprentice Fund is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in January 1969, 57 years ago. 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 September 2023, Asbestos Workers Local 24 Apprentice Fund reported income of $608k and spending of $626k, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $608k to $608k (-0.1%), an average of +-0.0% a year. The sharpest change came in the year to September 2022, when income dropped by 17%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Asbestos Workers Local 24 Apprentice Fund sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MD. Charities of a similar size with the same main cause include Vai Foundation Inc ($608k), Samaritan Healthcare Inc ($608k) and Mount Sopris Nordic Council Inc ($608k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 92% of the total. Compensation of current officers, directors and key employees was $151k (24% of expenses). Other salaries and wages came to $83k. At year end it held assets of $2.7m against liabilities of $0, net assets of $2.7m. It reported 10 employees.