Springfield Electrical Jatc TR

Analysis

Springfield Electrical Jatc TR is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Springfield Electrical Jatc TR reported income of $695k and spending of $728k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $433k to $695k (+60%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Springfield Electrical Jatc TR sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Precision Institute ($695k), Value Added Inc ($695k) and National Aviation Research and Technology Park Inc ($694k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 92% of the total. Compensation of current officers, directors and key employees was $160k (22% of expenses). Other salaries and wages came to $104k. At year end it held assets of $1.1m against liabilities of $13k, net assets of $1.1m. It reported 13 employees.