Abc NJ Apprenticeship Education and Training Fund

Analysis

Abc NJ Apprenticeship Education and Training Fund is a registered charity in United States, based in Mount Laurel, NJ. It received its IRS tax-exemption ruling in December 2019, 7 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, Abc NJ Apprenticeship Education and Training Fund reported income of $5.0m and spending of $1.7m, leaving 67% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $575k to $5.0m (+775%), an average of +72% a year. The sharpest change came in the year to December 2020, when income rose by 633%. Over the whole period it spent 22% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Abc NJ Apprenticeship Education and Training Fund sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Shining Star Christian Schools Inc ($5.0m), Genesis Preparatory Academy ($5.0m) and Book Harvest ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $223k (13% of expenses). Other salaries and wages came to $138k. At year end it held assets of $17.4m against liabilities of $2.6m, net assets of $14.8m.