Apprenticeship Education and Training Fund Inc

Analysis

Apprenticeship Education and Training Fund Inc is a registered charity in United States, based in Somerset, NJ. It received its IRS tax-exemption ruling in May 2020, 6 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, Apprenticeship Education and Training Fund Inc reported income of $411k and spending of $345k, spending 84% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $274k to $411k (+50%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 209%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Apprenticeship Education and Training Fund Inc 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 73rd percentile within NJ. Charities of a similar size with the same main cause include Community Voices for 340b ($411k), Turtle Wing Foundation ($411k) and Top Kids Christian Academy Private School ($411k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.2% of the total. At year end it held assets of $376k against liabilities of $13k, net assets of $364k.