Acra Local 725 Joint Apprenticeship and Training Committee Trust

Analysis

Acra Local 725 Joint Apprenticeship and Training Committee Trust is a registered charity in United States, based in Pembroke Pnes, FL. It received its IRS tax-exemption ruling in June 1974, 52 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Acra Local 725 Joint Apprenticeship and Training Committee Trust reported income of $2.7m and spending of $2.0m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $2.7m (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Acra Local 725 Joint Apprenticeship and Training Committee Trust 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 88th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Resolution Project Inc ($2.7m), The Fabric Workshop and Museum ($2.7m) and Ladies of Hope Ministries Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 79% of the total. Other salaries and wages came to $727k. At year end it held assets of $7.4m against liabilities of $238k, net assets of $7.1m. It reported 34 employees.