Ibew 117-Jatc

Analysis

Ibew 117-Jatc is a registered charity in United States, based in Crystal Lake, IL. It received its IRS tax-exemption ruling in August 1969, 57 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ibew 117-Jatc reported income of $833k and spending of $727k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $463k to $833k (+80%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ibew 117-Jatc 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 77th percentile within IL. Charities of a similar size with the same main cause include DB Housing Inc ($833k), Florida Public Radio Inc ($833k) and Low Country Regional Ems Council Inc ($833k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $694 (0.1% of expenses). Other salaries and wages came to $344k. At year end it held assets of $856k against liabilities of $0, net assets of $856k. It reported 15 employees.