Boilermakers Local 549 Apprenticeship and Training Fund

Analysis

Boilermakers Local 549 Apprenticeship and Training Fund is a registered charity in United States, based in Pittsburg, CA. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Boilermakers Local 549 Apprenticeship and Training Fund reported income of $2.4m and spending of $1.5m, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.1m to $2.4m (-24%), an average of -6.6% a year. The sharpest change came in the year to December 2022, when income rose by 66%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Boilermakers Local 549 Apprenticeship and Training Fund sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Association of Independent Colleges & Universities of Pennsylvania ($2.4m), Destiny High School ($2.4m) and Living Wisdom School of Palo Alto ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $5,731 (0.4% of expenses). Other salaries and wages came to $526k. At year end it held assets of $7.8m against liabilities of $0, net assets of $7.8m. It reported 9 employees.