Kentucky Laborers Training Trust Fund

Analysis

Kentucky Laborers Training Trust Fund is a registered charity in United States, based in Lawrenceburg, KY. It received its IRS tax-exemption ruling in December 1989, 37 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 2024, Kentucky Laborers Training Trust Fund reported income of $1.7m and spending of $1.6m, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.2m to $1.7m (+43%), an average of +9.3% a year. The sharpest change came in the year to June 2024, when income rose by 38%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kentucky Laborers Training Trust 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 84th percentile, and in the 85th percentile within KY. Charities of a similar size with the same main cause include Radio Vision Cristiana Management ($1.6m), Outreach America Inc ($1.7m) and Properties TR ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.0% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $347k (22% of expenses). Other salaries and wages came to $287k. At year end it held assets of $2.4m against liabilities of $91k, net assets of $2.3m. It reported 8 employees.