Rochester Electrical Joint Apprenticeship and Training TR

Analysis

Rochester Electrical Joint Apprenticeship and Training TR is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in February 1998, 28 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 July 2024, Rochester Electrical Joint Apprenticeship and Training TR reported income of $2.0m and spending of $1.5m, leaving 24% of income unspent that year. Across the 6 years on record, from July 2019 to July 2024, income grew from $989k to $2.0m (+98%), an average of +15% a year. The sharpest change came in the year to July 2024, when income rose by 45%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rochester Electrical Joint Apprenticeship and Training TR sits at the 85th 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 Historic East Baltimore Community Action Coalition Inc ($2.0m), Historic Cane Hill Inc ($2.0m) and Downtown Akron Partnership Inc ($2.0m).

On its Form 990 for the period ending July 2024, revenue came from program service revenue 64% of the total. Compensation of current officers, directors and key employees was $160k (11% of expenses). Other salaries and wages came to $294k. At year end it held assets of $4.2m against liabilities of $1.8m, net assets of $2.4m. It reported 6 employees.