Training and Education Fund

Analysis

Training and Education Fund is a registered charity in United States, based in Harrisburg, PA. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Training and Education Fund reported income of $3.1m and spending of $2.5m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $3.1m (+196%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Training and Education Fund sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include People Reaching Out to Other People Inc Prop ($3.1m), Wakonda Heritage Manor ($3.1m) and Childrens Bureau of New Orleans ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $1.3m against liabilities of $321k, net assets of $932k. It reported 76 employees.