Operating Engineers Local Union No 3 Scholarship Foundation

Analysis

Operating Engineers Local Union No 3 Scholarship Foundation is a registered charity in United States, based in Concord, CA. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Operating Engineers Local Union No 3 Scholarship Foundation reported income of $607k and spending of $325k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $640k to $607k (-5.3%), an average of -1.3% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 34% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Operating Engineers Local Union No 3 Scholarship Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Ladue Education Foundation ($607k), Jump Preschool Inc ($607k) and Adult and Community Educators of Florida Foundation ($607k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $4.0m against liabilities of $0, net assets of $4.0m.