Ibew Local Union 456 Electrical Joint Apprenticeship & Training FD

Analysis

Ibew Local Union 456 Electrical Joint Apprenticeship & Training FD is a registered charity in United States, based in N Brunswick, NJ. It received its IRS tax-exemption ruling in November 1982, 44 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 June 2023, Ibew Local Union 456 Electrical Joint Apprenticeship & Training FD reported income of $837k and spending of $693k, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $769k to $837k (+8.8%), an average of +2.1% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ibew Local Union 456 Electrical Joint Apprenticeship & Training FD sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include American Friends of Yeshivath Kerem Byavneh Inc ($836k), Western Pocono Community Library ($837k) and New Mexico Lions Sight Conservation Foundation Inc ($836k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 94% of the total. Other salaries and wages came to $85k. At year end it held assets of $2.9m against liabilities of $38k, net assets of $2.9m. It reported 22 employees.