Laborers Training and Retraining Trust Fund for Northern California

Analysis

Laborers Training and Retraining Trust Fund for Northern California is a registered charity in United States, based in San Ramon, CA. It received its IRS tax-exemption ruling in January 1970, 56 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 May 2023, Laborers Training and Retraining Trust Fund for Northern California reported income of $20.9m and spending of $21.0m, spending 101% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $22.2m to $20.9m (-6.2%), an average of -1.6% a year. The sharpest change came in the year to May 2021, when income rose by 17%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Laborers Training and Retraining Trust Fund for Northern California sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Goodwill Industries of the Greater Chattanooga Area ($20.8m), Pennyrile Allied Community Services Inc ($20.9m) and Institute of Management Accountants Inc ($20.8m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $289k (1.4% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $52.6m against liabilities of $2.6m, net assets of $50.0m. It reported 44 employees.