National Elevator Industry Educational Program

Analysis

National Elevator Industry Educational Program is a registered charity in United States, based in Attleboro FLS, MA. It received its IRS tax-exemption ruling in October 1968, 58 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, National Elevator Industry Educational Program reported income of $36.7m and spending of $40.1m, spending 109% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $37.8m to $36.7m (-2.9%), an average of -1.0% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Elevator Industry Educational Program sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Mid-American Athletic Conference ($36.6m), A Very Special Place Inc ($36.8m) and Providence Trinitycare Hospice ($36.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $861k (2.1% of expenses). Other salaries and wages came to $17.1m. At year end it held assets of $172.0m against liabilities of $8.1m, net assets of $163.9m. It reported 814 employees.