Basic the International Assoc of Machinists & Aerospace Workers

Analysis

Basic the International Assoc of Machinists & Aerospace Workers is a registered charity in United States, based in Sheffield, AL. It received its IRS tax-exemption ruling in March 2019, 7 years ago. 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, Basic the International Assoc of Machinists & Aerospace Workers reported income of $557k and spending of $482k, spending 87% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $406k to $557k (+37%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Basic the International Assoc of Machinists & Aerospace Workers sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within AL. Charities of a similar size with the same main cause include Heartland Education Community Inc ($557k), Youth for Christ USA Inc ($557k) and Online School of Arizona ($557k).

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 $126k. At year end it held assets of $670k against liabilities of $48, net assets of $670k. It reported 4 employees.