Qualified Elevator Inspector Training TR

Analysis

Qualified Elevator Inspector Training TR is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Qualified Elevator Inspector Training TR reported income of $1.7m and spending of $1.9m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $876k to $1.7m (+91%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 56%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Qualified Elevator Inspector Training TR sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MD. Charities of a similar size with the same main cause include Bald Eagle Wilderness Boys Camp ($1.7m), St Peters Academy Inc ($1.7m) and Calvary Schools of Holland ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 10% of the total. At year end it held assets of $533k against liabilities of $217k, net assets of $316k.