South Florida Operating Engineers Apprentice & Training Fund

Analysis

South Florida Operating Engineers Apprentice & Training Fund is a registered charity in United States, based in Sparks, MD. It received its IRS tax-exemption ruling in June 1974, 52 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 March 2023, South Florida Operating Engineers Apprentice & Training Fund reported income of $1.7m and spending of $786k, leaving 54% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $1.0m to $1.7m (+65%), an average of +13% a year. The sharpest change came in the year to March 2023, when income rose by 67%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Florida Operating Engineers Apprentice & Training Fund sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MD. Charities of a similar size with the same main cause include Kentucky Center for Special Childrens Services ($1.7m), Starbase Indiana Inc ($1.7m) and Friends R Fun Child Development Center Inc ($1.7m).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 93% of the total. Other salaries and wages came to $255k. At year end it held assets of $6.7m against liabilities of $939k, net assets of $5.7m. It reported 17 employees.