National Association of Electrical Distributors Education Foundation

Analysis

National Association of Electrical Distributors Education Foundation is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in August 1969, 57 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, National Association of Electrical Distributors Education Foundation reported income of $6.6m and spending of $2.5m, leaving 62% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $6.6m (+121%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 102%. Over the whole period it spent 69% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, National Association of Electrical Distributors Education Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MO. Charities of a similar size with the same main cause include Tri County Jobs for Ohios Graduates ($6.6m), Workforce Development Board of South Central Wisconsin ($6.6m) and Hanalei Initiative ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $184k (7.3% of expenses). Other salaries and wages came to $572k. It paid $350k in professional fundraising fees. At year end it held assets of $25.1m against liabilities of $543k, net assets of $24.6m.