Is Apprenticeship Training Fund Local 138 Legit?

Apprenticeship Training Fund Local 138 demonstrates consistent financial growth and a strong focus on its programmatic mission. Over the past five years, revenue has steadily increased from $1,494,602 in 2019 to $2,161,052 in 2023, indicating robust support for its apprenticeship programs. The organization has also consistently maintained a healthy asset base, growing from $1,227,942 in 2019 to $3,080,569 in 2023, which provides financial stability and capacity for future initiatives. The organization appears to be highly efficient in its spending, with expenses consistently lower than revenue in recent years, allowing for asset accumulation. For instance, in 2023, expenses were $1,610,714 against revenues of $2,161,052. A key indicator of its commitment to its mission is the reported 0% officer compensation across all available filings, suggesting that resources are primarily directed towards program delivery rather than executive salaries. While specific program spending percentages are not detailed in the provided summary, the absence of officer compensation is a strong positive signal regarding resource allocation. Transparency is generally good, with a consistent filing history of 13 IRS 990s. The consistent growth in assets and revenue, coupled with prudent expense management, suggests a well-managed and financially sound organization. The lack of reported officer compensation further enhances its transparency and commitment to its stated purpose.