Operating Engineers & Participating Employers Preapprentice Apprentice

Analysis

Operating Engineers & Participating Employers Preapprentice Apprentice is a registered charity in United States, based in Bothell, WA. It received its IRS tax-exemption ruling in May 2001, 25 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, Operating Engineers & Participating Employers Preapprentice Apprentice reported income of $2.0m and spending of $1.3m, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.0m (+66%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 64%. Over the whole period it spent 58% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Operating Engineers & Participating Employers Preapprentice Apprentice 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 86th percentile, and in the 86th percentile within WA. Charities of a similar size with the same main cause include Boston Impact Initiative Fund ($1.9m), Act Albany Community Together Inc ($2.0m) and Small Business Development Corporation of Orange County ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.7% and program service revenue 87% of the total. Other salaries and wages came to $462k. At year end it held assets of $6.7m against liabilities of $326k, net assets of $6.3m. It reported 6 employees.