Local Union 164 Electrical Joint Apprenticeship and Training Trust

Analysis

Local Union 164 Electrical Joint Apprenticeship and Training Trust is a registered charity in United States, based in Paramus, NJ. It received its IRS tax-exemption ruling in July 1999, 27 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 December 2023, Local Union 164 Electrical Joint Apprenticeship and Training Trust reported income of $4.1m and spending of $5.5m, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.3m to $4.1m (-4.9%), an average of -1.2% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Local Union 164 Electrical Joint Apprenticeship and Training Trust sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Kentucky Community & Technical College System Foundation Inc ($4.1m), Concord Hill School ($4.1m) and Excellence in Leadership Academy ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 84% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $16.2m against liabilities of $178k, net assets of $16.0m. It reported 271 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.