Portland Electrical Joint Apprenticeship & Training Fund

Analysis

Portland Electrical Joint Apprenticeship & Training Fund is a registered charity in United States, based in Lewiston, ME. It received its IRS tax-exemption ruling in June 1972, 54 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Portland Electrical Joint Apprenticeship & Training Fund reported income of $740k and spending of $525k, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $381k to $740k (+94%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 72% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Portland Electrical Joint Apprenticeship & Training Fund sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within ME. Charities of a similar size with the same main cause include Apprentice Journeyworker Educ Fund of Heat & Frost Insulators Loc 12 ($740k), Metro-Work Center Inc ($740k) and Winemakers Research Exchange Inc ($740k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.9% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $983 (0.2% of expenses). Other salaries and wages came to $226k. At year end it held assets of $1.0m against liabilities of $7,218, net assets of $1.0m.