International Union of Operating Engineers Local 627 Training Fund

Analysis

International Union of Operating Engineers Local 627 Training Fund is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in May 1969, 57 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 August 2024, International Union of Operating Engineers Local 627 Training Fund reported income of $692k and spending of $784k, spending 113% of what it took in. Across the 6 years on record, from August 2019 to August 2024, income grew from $572k to $692k (+21%), an average of +3.9% a year. The sharpest change came in the year to August 2022, when income rose by 190%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, International Union of Operating Engineers Local 627 Training Fund sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within OK. Charities of a similar size with the same main cause include Capital Area Alliance for the Homeless ($692k), Jewish Family Service of Orange County Inc ($692k) and 1909 Foundation ($691k).

On its Form 990 for the period ending August 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $267k. At year end it held assets of $2.6m against liabilities of $10k, net assets of $2.6m. It reported 8 employees.