Local Union 400 Ibew-Joint Apprentice & Training Committee

Analysis

Local Union 400 Ibew-Joint Apprentice & Training Committee is a registered charity in United States, based in Wall Township, NJ. It received its IRS tax-exemption ruling in October 2002, 24 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, Local Union 400 Ibew-Joint Apprentice & Training Committee reported income of $773k and spending of $875k, spending 113% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $902k to $773k (-14%), an average of -5.0% a year. The sharpest change came in the year to June 2021, when income dropped by 34%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Local Union 400 Ibew-Joint Apprentice & Training Committee sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include Royals Varsity Club Inc ($773k), Skill Will Inc ($773k) and The Memorial Library of Nazareth and Vicinity ($773k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 85% of the total. Compensation of current officers, directors and key employees was $232k (27% of expenses). At year end it held assets of $2.5m against liabilities of $304k, net assets of $2.2m. It reported 22 employees.