Ironworkers Joint Apprenticeship & Training Fund

Analysis

Ironworkers Joint Apprenticeship & Training Fund is a registered charity in United States, based in Salt Lake City, UT. It received its IRS tax-exemption ruling in March 1973, 53 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 May 2024, Ironworkers Joint Apprenticeship & Training Fund reported income of $514k and spending of $558k, spending 108% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income grew from $483k to $514k (+6.5%), an average of +1.6% a year. The sharpest change came in the year to May 2021, when income rose by 31%. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ironworkers Joint Apprenticeship & Training Fund sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within UT. Charities of a similar size with the same main cause include S E Hall Whitney Young Housing Corporation ($514k), Habitat for Humanity International Inc ($514k) and The Ohioana Library Association ($514k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 8.4% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $159k (29% of expenses). Other salaries and wages came to $75k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.