Refrigeration and Air Conditioning Training Trust

Analysis

Refrigeration and Air Conditioning Training Trust is a registered charity in United States, based in Walnut Creek, CA. It received its IRS tax-exemption ruling in April 1963, 63 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, Refrigeration and Air Conditioning Training Trust reported income of $568k and spending of $201k, leaving 65% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $568k (-60%), an average of -20% a year. The sharpest change came in the year to December 2021, when income dropped by 28%. Over the whole period it spent 16% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Refrigeration and Air Conditioning Training Trust 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 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Lincoln Lake Baptist Youth Camp Inc ($568k), American Friends of Ner Yaakov Inc ($568k) and Julia C Hester House Inc ($568k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 123% of the total. Compensation of current officers, directors and key employees was $72k (36% of expenses). At year end it held assets of $11.4m against liabilities of $0, net assets of $11.4m.