Southern Nevada Operating Engineers Journeyman & Apprentice TRNG Trust

Analysis

Southern Nevada Operating Engineers Journeyman & Apprentice TRNG Trust is a registered charity in United States, based in North Las Vegas, NV. It received its IRS tax-exemption ruling in January 1984, 42 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 December 2023, Southern Nevada Operating Engineers Journeyman & Apprentice TRNG Trust reported income of $3.3m and spending of $3.7m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $18.9m to $3.3m (-83%), an average of -35% a year. The sharpest change came in the year to December 2020, when income dropped by 82%. Over the whole period it spent 48% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southern Nevada Operating Engineers Journeyman & Apprentice TRNG Trust sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NV. Charities of a similar size with the same main cause include Young Mens Christian Association of Staunton Virginia ($3.3m), Scha Foundation Inc ($3.3m) and Lindquist Dental Clinic for Children ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 89% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $22.6m against liabilities of $175k, net assets of $22.5m. It reported 27 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.