New Mexico Contractors Apprentice & Journeymen Training Fund Iron WK

Analysis

New Mexico Contractors Apprentice & Journeymen Training Fund Iron WK is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in February 1977, 49 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 June 2024, New Mexico Contractors Apprentice & Journeymen Training Fund Iron WK reported income of $318k and spending of $352k, spending 111% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $234k to $318k (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2021, when income rose by 101%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Mexico Contractors Apprentice & Journeymen Training Fund Iron WK sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NM. Charities of a similar size with the same main cause include Henry Clay Center for Statesmanship ($318k), Great Falls-Cascade County Senior Citizens Center ($318k) and Association of Fundraising Professionals ($318k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $85k (24% of expenses). Other salaries and wages came to $14k. At year end it held assets of $1.1m against liabilities of $2,694, net assets of $1.1m. It reported 5 employees.