Local 26 Educational Development Trust

Analysis

Local 26 Educational Development Trust is a registered charity in United States, based in Lacey, WA. It received its IRS tax-exemption ruling in June 1992, 34 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Local 26 Educational Development Trust reported income of $4.1m and spending of $3.8m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.6m to $4.1m (-12%), an average of -3.1% a year. The sharpest change came in the year to December 2020, when income dropped by 32%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Local 26 Educational Development Trust sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within WA. Charities of a similar size with the same main cause include Plumbers Local No 12 Education Fund ($4.1m), Denver Civic Ventures Inc ($4.1m) and Hillman Accelerator ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.4% and program service revenue 91% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $10.3m against liabilities of $17k, net assets of $10.3m. It reported 70 employees.