Asbestos Workers Local Union No 22 Apprenticeship Training and Contin

Analysis

Asbestos Workers Local Union No 22 Apprenticeship Training and Contin is a registered charity in United States, based in Pasadena, TX. It received its IRS tax-exemption ruling in December 1969, 57 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 December 2023, Asbestos Workers Local Union No 22 Apprenticeship Training and Contin reported income of $270k and spending of $311k, spending 115% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $205k to $270k (+32%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Asbestos Workers Local Union No 22 Apprenticeship Training and Contin sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Twin Valley Seniors Inc ($270k), Hospice of Homer ($270k) and Alliance for Higher Education ($270k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $76k (24% of expenses). Other salaries and wages came to $86k. At year end it held assets of $345k against liabilities of $225k, net assets of $120k. It reported 4 employees.