Abc Nevada Chapter Northern Division Apprenticeship Trust Fund

Analysis

Abc Nevada Chapter Northern Division Apprenticeship Trust Fund is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in August 1985, 41 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, Abc Nevada Chapter Northern Division Apprenticeship Trust Fund reported income of $396k and spending of $471k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $513k to $396k (-23%), an average of -6.3% a year. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Abc Nevada Chapter Northern Division Apprenticeship Trust Fund sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within NV. Charities of a similar size with the same main cause include N B C U S a Housing Inc Seven ($396k), Mustang Hockey Association ($396k) and Clarks Chapel Fire and Rescue Department Inc ($396k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $7,920 (1.7% of expenses). Other salaries and wages came to $86k. At year end it held assets of $278k against liabilities of $79k, net assets of $200k. It reported 13 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.