District Council 5 Apprenticeship and Training Trust Fund

Analysis

District Council 5 Apprenticeship and Training Trust Fund is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, District Council 5 Apprenticeship and Training Trust Fund reported income of $2.7m and spending of $3.0m, spending 111% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.9m to $2.7m (-8.3%), an average of -2.1% a year. The sharpest change came in the year to August 2020, when income dropped by 16%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, District Council 5 Apprenticeship and Training Trust Fund sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within WA. Charities of a similar size with the same main cause include Virginia Education Foundation ($2.7m), Cristo Rey Orange County High School Inc ($2.7m) and East Columbus Drop Back in ($2.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 12% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $165k (5.5% of expenses). Other salaries and wages came to $726k. At year end it held assets of $13.4m against liabilities of $235k, net assets of $13.1m. It reported 45 employees.