Teamsters Convention Industry Training Fund

Analysis

Teamsters Convention Industry Training Fund is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in February 1989, 37 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 April 2023, Teamsters Convention Industry Training Fund reported income of $1.5m and spending of $1.4m, spending 93% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $1.4m to $1.5m (+8.2%), an average of +2.0% a year. The sharpest change came in the year to April 2022, when income rose by 801%. Over the whole period it spent 122% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Teamsters Convention Industry Training Fund sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within NV. Charities of a similar size with the same main cause include Nami Pinellas County Florida Inc ($1.5m), Holy Family Child Care & Development Center Inc ($1.5m) and Seeking Independent Growth Now ($1.5m).

On its Form 990 for the period ending April 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $285k. At year end it held assets of $2.4m against liabilities of $1.2m, net assets of $1.3m. It reported 8 employees.