International Union of Operating Engineers Local 926 Joint Apprenti

Analysis

International Union of Operating Engineers Local 926 Joint Apprenti is a registered charity in United States, based in Cedartown, GA. It received its IRS tax-exemption ruling in August 1967, 59 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 June 2023, International Union of Operating Engineers Local 926 Joint Apprenti reported income of $995k and spending of $1.0m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.5m to $995k (-61%), an average of -21% a year. The sharpest change came in the year to June 2020, when income dropped by 69%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, International Union of Operating Engineers Local 926 Joint Apprenti sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within GA. Charities of a similar size with the same main cause include Cameron Community Ministries Inc ($995k), Tulare Emergency Aid Council ($995k) and Catskill Regional Medical Center Foundation Inc ($995k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $222k. At year end it held assets of $3.6m against liabilities of $1.0m, net assets of $2.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.