Electrical Workers Joint Apprentice and Training Trust Fund

Analysis

Electrical Workers Joint Apprentice and Training Trust Fund is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 2016, 10 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 August 2023, Electrical Workers Joint Apprentice and Training Trust Fund reported income of $5.9m and spending of $5.9m, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $6.3m to $5.9m (-5.8%), an average of -1.5% a year. The sharpest change came in the year to August 2021, when income rose by 23%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Electrical Workers Joint Apprentice and Training Trust Fund sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include N J State Interscholastic Athletic Association ($5.9m), William J Gould Associates Inc ($5.9m) and Community Quest Inc ($5.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 8.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $660k (11% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $23.7m against liabilities of $37k, net assets of $23.6m. It reported 28 employees.