Colorado Journeymen and Apprentices Training Fund for Operating Engine

Analysis

Colorado Journeymen and Apprentices Training Fund for Operating Engine is a registered charity in United States, based in Bennett, CO. It received its IRS tax-exemption ruling in March 1968, 58 years ago. 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 August 2023, Colorado Journeymen and Apprentices Training Fund for Operating Engine reported income of $1.7m and spending of $1.3m, leaving 25% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.0m to $1.7m (+71%), an average of +14% a year. The sharpest change came in the year to August 2020, when income rose by 40%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Colorado Journeymen and Apprentices Training Fund for Operating Engine 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 85th percentile, and in the 84th percentile within CO. Charities of a similar size with the same main cause include National Indian Youth Council ($1.7m), The Florida Future Farmers of America Foundation Incorporated ($1.7m) and Fannie E Taylor Home for the Aged of South Jacksonville Inc ($1.7m).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 95% of the total. Other salaries and wages came to $482k. At year end it held assets of $2.7m against liabilities of $13k, net assets of $2.7m. It reported 13 employees.