Central New York Jatc for the Electrical Industry

Analysis

Central New York Jatc for the Electrical Industry is a registered charity in United States, based in Clay, NY. It received its IRS tax-exemption ruling in February 1965, 61 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 June 2023, Central New York Jatc for the Electrical Industry reported income of $1.9m and spending of $2.1m, spending 108% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.6m to $1.9m (+18%), an average of +5.7% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Central New York Jatc for the Electrical Industry sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Kakoo Oiwi ($1.9m), Winona County Developmental Achievement Center Inc ($1.9m) and South Shore Chamber Community Development Corporation ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $159k (7.7% of expenses). Other salaries and wages came to $543k. At year end it held assets of $2.6m against liabilities of $113k, net assets of $2.5m. It reported 20 employees.