Worcester Joint Apprenticeship & Training Fund
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Worcester Joint Apprenticeship & Training Fund is a 501(c)(3) organization based in Worcester, Massachusetts, registered in 1969, with $515,166 in FY2023 revenue. CharityIndex grades it C+.
242 Mill St, Worcester, MA, 01602 EIN 23-7042423 Since 1969
Revenue (FY2023)
$515K
▲ 21.5% vs prior year
Expenses (FY2023)
$286K
Net assets
$835K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
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 Worcester Joint 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 →
AFinancial health25% of the rating35 mo reserves · +45% margin
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 Worcester Joint Apprenticeship & Training Fund: 35 mo reserves · +45% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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 Worcester Joint 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 →
DTransparency10% of the rating1 of 5 disclosure signals
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 Worcester Joint Apprenticeship & Training Fund: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 242 Mill St, Worcester, MA, 01602
- City
- Worcester
- State
- Massachusetts
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $168K (FY2010) to $515K (FY2023) across 13 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $3,316Net assets $835K
Operating margin
44.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$838K
Total liabilities
$3,316
Net assets
$835K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $515,166▲21.5% | $285,912▲7.8% | $835,049▲37.8% | $838,365▲36.9% | 990 |
| 2022 | $424,012▲20.7% | $265,231▲12.0% | $605,795▲35.5% | $612,410▲36.2% | 990 |
| 2021 | $351,333▲21.5% | $236,799▲62.6% | $447,014▲34.4% | $449,740▲35.2% | 990 |
| 2020 | $289,095▲48.6% | $145,608▼29.4% | $332,480▲75.9% | $332,735▲67.7% | 990 |
| 2019 | $194,598▲17.7% | $206,306▼11.7% | $188,993▼5.8% | $198,460▼1.5% | 990 |
| 2018 | $165,266▼13.0% | $233,739▲3.9% | $200,701▼25.4% | $201,390▼25.6% | 990 |
| 2017 | $189,995▼35.3% | $224,948▲22.4% | $269,174▼11.5% | $270,523▼11.4% | 990 |
| 2016 | $293,454▲49.8% | $183,715▼0.3% | $304,127▲56.5% | $305,234▲55.9% | 990 |
| 2015 | $195,957▲31.0% | $184,342▲0.4% | $194,388▲6.4% | $195,828▲6.6% | 990 |
| 2014 | $149,628▲4.0% | $183,520▲23.4% | $182,773▼15.6% | $183,649▼15.5% | 990EZ |
| 2013 | $143,827▼7.0% | $148,767▲3.4% | $216,665▼2.2% | $217,461▼2.1% | 990EZ |
| 2012 | $154,590 | $143,908▲2.9% | $221,605▲5.1% | $222,053▲5.0% | 990EZ |
| 2011 | — | $139,882▼46.6% | $210,923▲57.8% | $211,473▲51.3% | 990 |
| 2010 | $168,102 | $262,005 | $133,705 | $139,807 | 990EZ |
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.
Frequently asked questions
- Is Worcester Joint Apprenticeship & Training Fund a legitimate nonprofit?
- Yes. Worcester Joint Apprenticeship & Training Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7042423, based in Worcester, Massachusetts. Donations are tax-deductible.
- What is Worcester Joint Apprenticeship & Training Fund's EIN?
- Worcester Joint Apprenticeship & Training Fund's Employer Identification Number (EIN) is 23-7042423.
- How much revenue does Worcester Joint Apprenticeship & Training Fund report?
- Worcester Joint Apprenticeship & Training Fund reported $515,166 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Worcester Joint Apprenticeship & Training Fund have?
- CharityIndex grades Worcester Joint Apprenticeship & Training Fund C+, based on financial health (reserves and operating margin).
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Data for Worcester Joint Apprenticeship & Training Fund (EIN 23-7042423) 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.