Local Union 313 Ibew Electrical Joint Apprenticeship

Analysis

Local Union 313 Ibew Electrical Joint Apprenticeship is a registered charity in United States, based in New Castle, DE. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Local Union 313 Ibew Electrical Joint Apprenticeship reported income of $844k and spending of $734k, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $852k to $844k (-1.0%), an average of -0.2% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Local Union 313 Ibew Electrical Joint Apprenticeship 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 73rd percentile within DE. Charities of a similar size with the same main cause include Salt Lake Chamber Womens Business Center ($844k), Community Initiatives for Collective Impact ($844k) and Emerging Technology Centers Inc ($843k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $135k (18% of expenses). Other salaries and wages came to $143k. At year end it held assets of $3.7m against liabilities of $0, net assets of $3.7m. It reported 21 employees.