Automotive Industry Apprenticeship Trust Fund

Analysis

Automotive Industry Apprenticeship Trust Fund is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in January 1974, 52 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Automotive Industry Apprenticeship Trust Fund reported income of $233k and spending of $241k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $292k to $233k (-20%), an average of -5.5% a year. The sharpest change came in the year to December 2021, when income dropped by 17%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Automotive Industry Apprenticeship Trust Fund sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Keokuk County Exposition Inc ($233k), Main Street Martinsburg Inc ($233k) and Ny Tri-State Chapter of National Association of Minority Contractor ($233k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $118k (49% of expenses). Other salaries and wages came to $49k. At year end it held assets of $382k against liabilities of $93k, net assets of $288k. It reported 3 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.