Unite Here Local 54 Training & Education Trust Fund

Analysis

Unite Here Local 54 Training & Education Trust Fund is a registered charity in United States, based in Atlantic City, NJ. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Unite Here Local 54 Training & Education Trust Fund reported income of $406k and spending of $192k, leaving 53% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $217k to $406k (+87%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 48% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Unite Here Local 54 Training & Education Trust Fund sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within NJ. Charities of a similar size with the same main cause include Educare New Orleans ($406k), Prairie Learning Center Inc ($406k) and Florida Emergency Medicine Foundation Inc ($406k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $92k. At year end it held assets of $682k against liabilities of $23k, net assets of $659k. It reported 1 employees.