The American Federation of Teachers (AFT) is the second largest teacher’s union (although membership is not limited to teachers) with 1.7 million members (after the National Education Association) in 3,000 local affiliates in the USA. A non-profit, tax-exempt 501 (c) (5), the AFT is based in Washington, DC and is an affiliate of the AFL-CIO.
For the year ending June 30, 2018, AFT reported total revenue of $229 million (mostly from membership dues) and expenses of $190 million (with the unspent funds added to the general fund). The largest expense for the organization was compensation for the 398 employees who received $61 million, which equates to an average compensation of $153,300. However, only 178 employees (45%) received more than $100,000 in compensation. The eight most highly compensated employees were reported to be: Read more