Iron Workers Local 40 & 361 Apprenticeship & Training Fund is a 501(c)(3) organization based in Astoria, New York, registered in 1986, with $1,915,944 in FY2024 revenue. CharityIndex grades it D.
Revenue (FY2024)
$1.9M
▼ 4.2% vs prior year
Employment median: $367K
Expenses (FY2024)
$2.9M
Net assets
$1.2M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Iron Workers Local 40 & 361 Apprenticeship & Training Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Iron Workers Local 40 & 361 Apprenticeship & Training Fund: 5 mo reserves · -49% margin earns a D on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Iron Workers Local 40 & 361 Apprenticeship & Training Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Iron Workers Local 40 & 361 Apprenticeship & Training Fund: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $1.6M (FY2013) to $1.9M (FY2024) across 12 reported years.
Financial snapshot
Operating margin
-49.3%
Spent more than it raised in the latest fiscal year.
Total assets
$1.5M
Total liabilities
$310K
Net assets
$1.2M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,915,944▼4.2% | $2,860,503▲5.1% | $1,186,255▼50.7% | $1,496,269▼48.2% | 990 |
| 2023 | $2,000,143▲8.4% | $2,721,532▲44.8% | $2,408,170▼84.9% | $2,890,000▼82.2% | 990 |
| 2022 | $1,844,351▼4.9% | $1,879,348▲5.3% | $15,929,559▲3.4% | $16,258,842▲3.8% | 990 |
| 2021 | $1,938,784▼0.7% | $1,785,061▼9.0% | $15,413,185▲1.0% | $15,669,398▲1.1% | 990 |
| 2020 | $1,953,393▼9.1% | $1,962,270▼13.4% | $15,265,637▲3.3% | $15,501,173▲3.4% | 990 |
| 2019 | $2,149,572▼4.8% | $2,265,412▲26.1% | $14,775,230▲4.8% | $14,988,973▲4.9% | 990 |
| 2018 | $2,257,102▼4.7% | $1,796,213▼5.4% | $14,100,100▲1.0% | $14,295,038▲1.2% | 990 |
| 2017 | $2,368,220▼13.0% | $1,898,797▲6.0% | $13,955,903▲9.6% | $14,130,499▲9.7% | 990 |
| 2016 | $2,723,375▲20.7% | $1,790,662▼17.6% | $12,736,988▲56.6% | $12,881,186▲47.1% | 990 |
| 2015 | $2,255,442▲56.4% | $2,172,481▲12.8% | $8,134,275▲1.0% | $8,756,039▲5.3% | 990 |
| 2014 | $1,441,812▼7.0% | $1,926,263▲22.5% | $8,051,314▲0.7% | $8,312,893▲3.8% | 990 |
| 2013 | $1,551,097 | $1,572,756▼4.9% | $7,995,765▼0.3% | $8,005,337▼0.2% | 990 |
| 2012 | — | $1,654,286▲27.9% | $8,017,424▲16.2% | $8,017,842▲16.2% | 990 |
| 2011 | — | $1,293,446▼23.2% | $6,899,419▲12.4% | $6,900,961▲12.3% | 990 |
| 2010 | — | $1,684,067 | $6,137,635 | $6,144,318 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Iron Workers Local 40 & 361 Apprenticeship & Training Fund (EIN 13-2571023) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.