Local 103 Ibew Educational Corp

Analysis

Local 103 Ibew Educational Corp is a registered charity in United States, based in Dorchester, MA. It received its IRS tax-exemption ruling in July 1989, 37 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, Local 103 Ibew Educational Corp reported income of $1.6m and spending of $925k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $787k to $1.6m (+99%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 32%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Local 103 Ibew Educational Corp sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include Community 43 ($1.6m), Volunteers of America Inc ($1.6m) and Gratitude America Inc ($1.6m).

At year end it held assets of $24.7m against liabilities of $9.6m, net assets of $15.1m.