New Mexico Laborers Training Trust Fund

Analysis

New Mexico Laborers Training Trust Fund is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in August 1978, 48 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 2024, New Mexico Laborers Training Trust Fund reported income of $594k and spending of $455k, leaving 23% of income unspent that year. Across the 5 years on record, from August 2020 to August 2024, income grew from $431k to $594k (+38%), an average of +8.4% a year. The sharpest change came in the year to August 2023, when income rose by 35%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Mexico Laborers Training Trust Fund sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within NM. Charities of a similar size with the same main cause include United States Power Squadrons ($594k), Ohio Township Volunteer Fire Company of Allegheny County ($594k) and Burbank Housing S R Corporation ($594k).

On its Form 990 for the period ending August 2024, revenue came from program service revenue 89% of the total. Compensation of current officers, directors and key employees was $78k (17% of expenses). Other salaries and wages came to $93k. At year end it held assets of $2.7m against liabilities of $6,270, net assets of $2.7m. It reported 3 employees.