Operating Engineers Local 4 Charitable Foundation Inc

Analysis

Operating Engineers Local 4 Charitable Foundation Inc is a registered charity in United States, based in Medway, MA. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Operating Engineers Local 4 Charitable Foundation Inc reported income of $140k and spending of $107k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $112k to $140k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Operating Engineers Local 4 Charitable Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 51st percentile within MA. Charities of a similar size with the same main cause include Old Joe Club Charities Inc ($140k), Bethel Park Community Foundation Incorporated ($140k) and Alexander City Chamber Foundation Inc ($140k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $77k against liabilities of $0, net assets of $77k.