Multi-Craft Apprenticeship Preparation Program Inc

Analysis

Multi-Craft Apprenticeship Preparation Program Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in March 2021, 5 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Multi-Craft Apprenticeship Preparation Program Inc reported income of $779k and spending of $1.2m, spending 148% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $600k to $779k (+30%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 264%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Multi-Craft Apprenticeship Preparation Program Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Voyce ($779k), Smith Hill Community Development Corporation ($779k) and South Bowers Fire Co Inc ($779k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $233k (20% of expenses). Other salaries and wages came to $51k. At year end it held assets of $1.1m against liabilities of $92k, net assets of $1.0m. It reported 3 employees.