Laborers Training and Re-Training Trust Fund for Southern California

Analysis

Laborers Training and Re-Training Trust Fund for Southern California is a registered charity in United States, based in Azusa, CA. It received its IRS tax-exemption ruling in January 1971, 55 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Laborers Training and Re-Training Trust Fund for Southern California reported income of $24.4m and spending of $22.5m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $20.6m to $24.4m (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2020, when income rose by 17%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Laborers Training and Re-Training Trust Fund for Southern California sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Easter Seals Tristate ($24.2m), Npower Inc ($24.4m) and Iec Hotel Corporation ($24.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 95% of the total. Other salaries and wages came to $9.2m. At year end it held assets of $48.6m against liabilities of $1.9m, net assets of $46.7m. It reported 100 employees.