Rio Grande Valley-Laredo Electrical Jatc TR Fund

Analysis

Rio Grande Valley-Laredo Electrical Jatc TR Fund is a registered charity in United States, based in McAllen, TX. It received its IRS tax-exemption ruling in May 2006, 20 years ago. 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, Rio Grande Valley-Laredo Electrical Jatc TR Fund reported income of $575k and spending of $335k, leaving 42% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $221k to $575k (+160%), an average of +38% a year. The sharpest change came in the year to December 2021, when income rose by 100%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rio Grande Valley-Laredo Electrical Jatc TR Fund sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Andalusia Volunteer Ambulance Service Inc ($575k), Economic Development Greater East Edge Incorporated ($575k) and World Population Balance ($575k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $38k (11% of expenses). Other salaries and wages came to $150k. At year end it held assets of $635k against liabilities of $3,306, net assets of $631k. It reported 5 employees.