Associated Builders & Contractors Merit Shop Training Program Inc

Analysis

Associated Builders & Contractors Merit Shop Training Program Inc is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in January 1989, 37 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Associated Builders & Contractors Merit Shop Training Program Inc reported income of $2.0m and spending of $1.9m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.0m (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2020, when income rose by 213%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Associated Builders & Contractors Merit Shop Training Program Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Greater Fargo Moorhead Economic Development Corporation ($2.0m), North Bay Organizing Project ($2.0m) and Starlight Enterprises Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $223k (12% of expenses). Other salaries and wages came to $600k. At year end it held assets of $7.2m against liabilities of $98k, net assets of $7.1m. It reported 44 employees.