Operating Engineers Local 953 Journeyman & Apprentice TNG TR FND

Analysis

Operating Engineers Local 953 Journeyman & Apprentice TNG TR FND is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in July 1968, 58 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Operating Engineers Local 953 Journeyman & Apprentice TNG TR FND reported income of $485k and spending of $498k, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $444k to $485k (+9.3%), an average of +2.3% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Operating Engineers Local 953 Journeyman & Apprentice TNG TR FND sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within NM. Charities of a similar size with the same main cause include Greater Sarasota Chamber of Commerce Foundation Inc ($485k), Community Health and Empowerment Through Education and Research Inc ($485k) and Mainestream Finance ($485k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $77k (16% of expenses). Other salaries and wages came to $135k. At year end it held assets of $313k against liabilities of $4,673, net assets of $308k. It reported 4 employees.