U a Local 467 Apprenticeship and Training Trust

Analysis

U a Local 467 Apprenticeship and Training Trust is a registered charity in United States, based in Burlingame, CA. It received its IRS tax-exemption ruling in May 2016, 10 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, U a Local 467 Apprenticeship and Training Trust reported income of $3.5m and spending of $2.7m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $3.5m (+39%), an average of +8.5% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, U a Local 467 Apprenticeship and Training Trust sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include The Barnesville School Inc ($3.5m), Clarendon Foundation ($3.5m) and The Growhaus ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $35k (1.3% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $6.0m against liabilities of $94k, net assets of $5.9m. It reported 34 employees.