1199seiu Home Care Industry Education Fund

Analysis

1199seiu Home Care Industry Education Fund is a registered charity in United States, based in Newyork, NY. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, 1199seiu Home Care Industry Education Fund reported income of $4.3m and spending of $5.2m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.8m to $4.3m (-25%), an average of -7.1% a year. The sharpest change came in the year to December 2020, when income dropped by 23%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, 1199seiu Home Care Industry Education Fund 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 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Bluefield State University Foundation Inc ($4.3m), Hope Academy 2 Inc ($4.3m) and Le Monde Immersion ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.6% and program service revenue 92% of the total. At year end it held assets of $6.8m against liabilities of $2.8m, net assets of $4.0m. It reported 152 employees.