International Union of Operating Engineers Local Union 450 Apprenti

Analysis

International Union of Operating Engineers Local Union 450 Apprenti is a registered charity in United States, based in Dayton, TX. It received its IRS tax-exemption ruling in July 1968, 58 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 March 2023, International Union of Operating Engineers Local Union 450 Apprenti reported income of $2.1m and spending of $1.7m, spending 82% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $1.9m to $2.1m (+14%), an average of +3.4% a year. The sharpest change came in the year to March 2023, when income rose by 18%. 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 Union 450 Apprenti 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 90th percentile within TX. Charities of a similar size with the same main cause include Anson Economic Development Corporation ($2.1m), Kultivate Labs ($2.1m) and Creative Labor Services Inc ($2.1m).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 91% of the total. Compensation of current officers, directors and key employees was $551k (32% of expenses). Other salaries and wages came to $68k. At year end it held assets of $5.4m against liabilities of $55k, net assets of $5.3m. It reported 11 employees.