Apprenticeship & Training Trust Fund Ua Local 342

Analysis

Apprenticeship & Training Trust Fund Ua Local 342 is a registered charity in United States, based in Concord, CA. It received its IRS tax-exemption ruling in November 1979, 47 years ago. 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 June 2023, Apprenticeship & Training Trust Fund Ua Local 342 reported income of $13.1m and spending of $11.1m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $15.9m to $13.1m (-18%), an average of -4.7% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Apprenticeship & Training Trust Fund Ua Local 342 sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Continuing Care Hospital Inc ($13.1m), Elderly Housing Management Inc ($13.1m) and United Way of Greenville County Incorporated ($13.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.8% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $312k (2.8% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $42.8m against liabilities of $3.4m, net assets of $39.4m. It reported 135 employees.